Trump Media & Technology Group, the parent company of Truth Social, announced Thursday that it will merge with TAE Technologies, a privately held nuclear fusion developer, in an all-stock transaction valued at more than $6 billion. The deal will create one of the first publicly traded nuclear fusion companies in the United States and marks President Donald Trump’s entry into the highly regulated nuclear energy sector.
The merger represents a dramatic pivot for Trump Media, which has struggled this year, with its stock down roughly 60% through Wednesday, even as the broader S&P 500 is up by double digits. Trump Media reported a net loss of $54.8 million in the third quarter of 2025 on revenue of just $972,900. The company has recently diversified beyond its core social media platform into cryptocurrency, artificial intelligence, and streaming services. Trump Media’s balance sheet shows $1.5 billion in digital assets and an additional $550 million in other short-term investments.
Under the terms of the agreement, shareholders from both companies will each own approximately 50% of the combined entity on a fully diluted equity basis. The transaction values each share of TAE common stock at $53.89 based on Trump Media’s trailing 30-day volume-weighted average price as of December 17. Trump Media shares surged 28% in premarket trading following the announcement.
