Trump Media’s Beaten-Down Stock Gets $6 Billion Fusion Deal Jolt

Fusion cash ignites meme-stock comeback.

### The $6 Billion Catalyst

A single headline—a massive fusion energy deal—cut through the market noise. It bypassed the usual financial metrics and sent a surge through a stock many had written off. The numbers tell the story: a multi-billion dollar valuation shift on the back of strategic alignment talk.

### Energy Transfers

It's a classic market pivot. Capital and attention flow where momentum builds, creating its own gravitational pull. The deal acts as a legitimacy anchor, a narrative hard point for traders to rally around.

### The New Fundamentals

Forget price-to-earnings. The modern playbook values attention, narrative velocity, and strategic optics. A major partnership provides all three—a tangible hook in an intangible market. It reframes the conversation from 'what is it worth' to 'what could it become.'

### The Cynical Take

It's the finance equivalent of jump-starting a car with a jet engine—spectacular, effective, and it makes you wonder about the underlying engine. Sometimes, all a beaten-down asset needs is a new story priced in billions.

Key Takeaways

• President Donald Trump's company announced a $6 billion all-stock merger with fusion power company TAE Technologies.
• The combined company plans to begin building a utility-scale fusion power plant in 2026.

Trump Media & Technology Group (DJT) shares entered Thursday down nearly 70% this year. They're making a chunk of it back this morning.

Shares of TRUMP Media, the Truth Social parent company part-owned by President Donald Trump, soared more than 35% in morning trading after it and privately owned fusion power company TAE Technologies announced a $6 billion, all-stock merger agreement. Shareholders of each would own about half the combined company upon closing, which is expected to occur in mid-2026.

The news has brought some life back into Trump Media's shares, which have lost more than half their value this year and are well off 2025 highs seen around the time of Trump's second inauguration.

Why This Matters

Shares of Truth Social parent company Trump Media & Technology have mostly fallen this year, losing more than half their value and dropping even further from early year highs. They retook some of that round this morning on news of a merger with a fusion power company.

Upon closing, the combined firm "expects to site and commence construction of the first utility-scale fusion power plant in 2026," they said, adding that such plants "are expected to provide economic, abundant, and dependable electricity that WOULD help America win the A.I. revolution and maintain its global economic dominance."

Trump Media CEO Devin Nunes and TAE CEO Dr. Michl Binderbauer intend to serve as co-CEOs of the combined company.

Related Education

"Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s—an innovation that will lower energy prices, boost supply, ensure America's A.I.-supremacy, revive our manufacturing base and bolster national defense," Nunes said. "TMTG brings the capital and public market access to quickly MOVE TAE's proven technology to commercial viability." 

Trump Media & Technology Group shares reached nearly $80 a share in their public debut in March 2024, but closed trading Wednesday at $10.47 each.