Trump Media to Merge With Nuclear Fusion Company in $6 Billion Stock Deal

Key Points

Trump Media & Technology Group has announced plans to merge with a privately held nuclear fusion company in an all-stock transaction valued at more than $6 billion, expanding the media company’s operations beyond social networking and into advanced energy development.

The merger would result in one of the few publicly traded companies focused on nuclear fusion, a field that aims to produce power by combining light atomic particles rather than splitting heavy atoms. Fusion has long been studied as a potential source of large-scale, low-emission energy, though commercial deployment remains under development.

Under the proposed structure, shareholders of Trump Media and the fusion company would each hold approximately half of the combined business. The agreement places a value of $53.89 per share on the fusion company’s common stock.

Shares of Trump Media, which have declined sharply over the past year, rose more than 20% in premarket trading after the announcement, reflecting renewed investor interest following the disclosure of the deal.

Expansion beyond social media operations

Following completion, Trump Media & Technology Group will operate as a holding company overseeing its Truth Social platform alongside the fusion business and its subsidiaries. Those subsidiaries include units working on power systems technology and applied life-science research tied to the company’s core fusion work.

For Trump Media, the merger adds an asset whose prospects are tied to long-term research and engineering progress rather than advertising revenue and user engagement. The company has faced ongoing volatility as a stand-alone social media operator, making diversification a central feature of its future structure.

About the fusion technology

Nuclear fusion produces energy by forcing atomic nuclei together at extremely high temperatures, releasing energy in the process. The same reaction powers stars, including the sun. Unlike conventional nuclear power, fusion does not rely on uranium or produce long-lived radioactive waste, but maintaining stable reactions at scale has proven technically difficult.

The fusion company involved in the deal has spent decades developing reactor designs, plasma control systems, and supporting technologies. Its operations also include work on related applications that could reach commercial use earlier than grid-scale fusion power.

While fusion remains years away from widespread deployment, interest in the sector has grown as governments and investors look for long-term energy sources that reduce dependence on fossil fuels.

Ownership and leadership structure

The merged company will be jointly led, reflecting the equal ownership arrangement between the two shareholder groups. No cash will be exchanged as part of the transaction, linking the future valuation of the combined business to progress in both media operations and fusion development.

The deal brings a research-heavy energy company into public markets, where it will face regular disclosure requirements and investor scrutiny that private fusion developers have largely avoided.

Whether the combined company can deliver sustained value will depend on execution across two distinct areas — maintaining an active social media platform while advancing complex energy technology toward commercial readiness.

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