Trump Media to merge with nuclear fusion company that wants to power AI [Yahoo! Finance Canada]
Trump Media & Technology Group Corp. (DJT)
Company Research
Source: Yahoo! Finance Canada
Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl Binderbauer. The combined company says it plans to find a site and begin construction next year on the “world's first utility-scale fusion power plant,” with aims to provide the electricity needed for artificial intelligence. Shares of Trump Media & Technology , the parent company of President Donald Trump's Truth Social media platform, have tumbled 70% this year but jumped 20% before the opening bell Thursday. Backed by Google and other investors, TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies. “We're taking a big step forward toward a revolutionary technology that will cement America's global energy dominance for generations," Nunes said in a prepared statement. TAE focuses on nuclear fusion, a technology that combines two light atomi
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News
- Trump Media Was This Year's Big Loser Despite Soaring Market [Yahoo! Finance]Yahoo! Finance
- Trump Media (DJT) Skyrockets 42% on $6-Billion Merger Plan [Yahoo! Finance]Yahoo! Finance
- Who owns Trump Mobile? [Verge, The]Verge, The
- Why Trump Media Stock Skyrocketed Today [Yahoo! Finance]Yahoo! Finance
- Trump company pivots from social media to nuclear fusion in $6 billion deal [Yahoo! Finance]Yahoo! Finance
DJT
Sec Filings
- 12/19/25 - Form 425
- 12/18/25 - Form 425
- 12/18/25 - Form 425
- DJT's page on the SEC website