Stock prices have soared! Trump Media (DJT.US) merges with nuclear fusion company TAE to build a factory next year to guarantee “freedom of speech” to “AI electricity use”

The Zhitong Finance App learned that Trump Media Technology Group (DJT.US) and fusion energy company TAE Technologies have agreed to merge through an all-stock exchange with a transaction value of more than 6 billion US dollars. The deal will create one of the world's first listed nuclear fusion companies, according to a statement released on Thursday. The company plans to begin construction of the world's first utility-scale fusion power plant next year, subject to necessary approvals. After the transaction is completed, the shareholders of the two companies will each hold approximately 50% of the combined company's shares according to the fully diluted share ratio.

Based on the volume-weighted average price (VWAP) for the past 30 trading days up to the close of December 17, 2025, the transaction valued Trump Media Technology Group's common stock (calculated as fully diluted equity) at $53.89 per share. The deal has been approved by both companies' boards of directors and is expected to close in mid-2026, subject to customary closing conditions.

The combined company will be managed by a nine-member board of directors, including two directors from Trump Media Technology Group (including Chairman and CEO Devin Nunes and Trump's eldest son Donald J. Trump Jr.) , two directors from TAE (including TAE CEOs Michl Binderbauer and Michael Schwab), and five additional independent directors to be elected.

Schwab, founder and managing director of venture capital firm Big Sky Partners, is expected to be appointed as the planned nine-member board chairman. Nunes and Binderbauer will serve as co-CEOs of the merged company. Nunes will continue to lead all brand operations of Trump Media. Binderbauer will manage TAE Technologies.

The two sides said the deal will create one of the world's first listed fusion companies. TAE was founded in 1998, and its next phase of development will focus on deploying commercial, utility-scale fusion energy. In addition to the fusion business, TAE also has two participating subsidiaries — TAE Power Solutions and TAE Life Sciences.

After the deal is completed, Trump Media Technology Group will become a holding company for companies such as Truth Social, Truth+, Truth.Fi, TAE, TAE Power Solutions, and TAE Life Sciences.

The core logic of this merger and acquisition closely follows the huge demand for electricity in the current artificial intelligence (AI) boom. The company statement stated that the economical, sufficient, and reliable electricity provided by fusion power plants will help the US win the AI revolution. The merged company is expected to select a site and begin construction of the first utility-scale fusion power plant in 2026. Other fusion power plants are expected to have an installed capacity of 350 to 500 MW.

“Trump Media Technology Group has built irrevocable infrastructure to guarantee Americans' freedom of speech online, and now we are taking an important step towards a revolutionary technology that will solidify America's global energy dominance for generations to come,” Nunes said.

After the news was announced, Trump Media Technology Group rose 25.88% to $13.18 as of press time.