Trump Media ($DJT) — best known for Truth Social — dropped a bombshell on Thursday morning, announcing a merger with TAE Technologies—a fusion power company—in a deal valued at over $6 billion. entity.
The market reaction has been instant and violent. Shares of DJT were languishing near recent lows around $10.40 but have ripped higher in pre-market trading, currently trading up roughly 28% at $13.41.
The thinking here is that Trump’s power will lead to government contracts for fusion power or technology. It’s class crony capitalism at work.
Even by those standards, moving from “free speech social media” to “utility-scale nuclear fusion” is right at the top of the list.
The headline is an all-stock deal expected to close in mid-2026. Shareholders of each firm will own approximately half of the combined company.
As if combining Trump and unproven fusion technology wasn’t enough, the press release leans heavily on AI as well, saying it will benefit from the massive energy demand fueled by the “race against China for AI superiority.” The companies stated that fusion power will “help America win the A.I. revolution.”
Buzzwords everywhere.
Trump Media is putting up cash—$200 million at signing and another $100 million available later. Devin Nunes will stay on as co-CEO alongside TAE’s Dr. Michl Binderbauer.
This stock had been left for dead this year because Truth Social has minimal revenue and users. That changed in a heartbeat this morning.
The price action shows a massive gap up, hitting a high of $14.71 before settling back into the $13s. That $10.40 level is now major support —technicals go out the window when you have a fundamental narrative shift this large.
In reality, commercial fusion power has been “five years away” for the last thirty years and TAE has no revenue. There are currently zero commercial plants producing electricity using fusion.
Does it even matter in the golden age of fraud and meme stocks?
This gives DJT a brand new story to tell
