Shares of Trump Media (NASDAQ: DJT) jumped sharply in premarket trading on Thursday after the company unveiled a high-profile merger that dramatically expanded its strategic scope.
The parent company of Truth Social was trading around $13.08 premarket, up nearly 25% from its prior close of $10.47, following the announcement in a press release of an all-stock merger with privately held fusion energy developer TAE Technologies.
The transaction values the combined business at more than $6 billion and effectively pairs Trump Media’s public-market capital access with TAE’s fusion technology platform. Under the deal, shareholders of both companies will each own roughly 50% of the merged entity on a fully diluted basis.
In addition, Trump Media will provide up to $200 million in cash at signing, with a further $100 million available upon the initial filing of a Form S-4 registration statement. The merger has received board approval from both companies and is expected to close in mid-2026, pending regulatory and shareholder clearance.
Crucially, the combined company plans to begin construction of what it calls the world’s first utility-scale fusion power plant, targeting an initial 50 megawatts of electric capacity as early as 2026. Beyond that, larger facilities in the 350 to 500 megawatt range are planned, with a stated focus on powering energy-intensive artificial intelligence infrastructure.
As a result, the announcement marks a sharp strategic pivot for Trump Media, shifting the narrative from digital media toward advanced energy and AI-linked infrastructure. That shift, combined with the scale of the proposed fusion projects, appears to have fueled the stock’s premarket surge.
