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Stock impact report

Trump Deal Highlights Intensifying Global Competition For Fusion Energy [zero hedge]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: zero hedge
Trump Deal Highlights Intensifying Global Competition For Fusion Energy Authored by Alex Kimani via OilPrice.com, Shares of Trump Media & Technology Group Corp. (NYSE:DJT) have surged nearly 70% after the company agreed to merge with fusion startup TAE Technologies in a $6 billion deal. Under the terms of the deal, shareholders of each company will own roughly half of the combined entity on a fully diluted equity basis. Trump Media, majority owned by U.S. President Donald Trump, will now become the holding company for TAE Power Solutions and TAE Life Sciences alongside current holdings Truth Social, Truth+ and Truth.Fi. Founded in 1998, TAE Technologies aims to deploy commercial, utility-scale fusion energy. The company plans to commence construction of its first fusion power plant in 2026, expected to generate 350-500 MWe. TAE Technologies has raised more than $1.3 billion thanks to backing by high-profile investors, including Google, Chevron Technology Ventures, Goldman Sachs, and S Show less Read more
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