Trump Media announces $6 billion merger with fusion company TAE Technologies; DJT stock soars 33%

December 18, 2025

TL;DR

Trump Media and Technology Group is merging with TAE Technologies, a fusion power company, in an all-stock deal valued at over $6 billion.
The merger is expected to close by mid-2026, with shareholders of each company owning approximately half of the combined entity.
Trump Media shares saw a 33% increase following the announcement.
The combined company plans to build "the world's first utility-scale fusion power plant."
Trump Media will provide up to $200 million in cash to TAE at signing, with an additional $100 million available upon signing a Form S-4.
Trump Media Chairman Devin Nunes and TAE CEO Dr. Michl Binderbauer will co-lead the combined company as co-CEOs.
The merger aligns with Trump Media's "America-first principles" and strategy for transformative technology with long-term value creation.
Trump Media reported less than $2.7 million in revenue for the first nine months of 2025, with most revenue from advertising on Truth Social.
TAE Technologies holds 1,600 patents and has raised over $1.3 billion from investors, including Google, Chevron, and Goldman Sachs.

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