Trump Media & Technology Group (DJT) Up More Than 35% After Merger Announcement with Fusion Power Firm TAE Technologies
December 18th, 2025Via: Yahoo! Finance:
Trump Media & Technology Group (DJT) stock surged more than 35% on Thursday after the parent company of Truth Social announced a merger with fusion power firm TAE Technologies.
The deal underscores a bet on the energy demands from AI and data centers, and the technologies that could prevail. TAE’s backers include tech giant Google (GOOG) (GOOGL), Goldman Sachs (GS) and oil major Chevron (CVX).
The agreement, valued at more than $6 billion, is a bet on the future of fusion, a type of nuclear technology that mimics the way the sun produces light and heat. Fusion is carbon-free and produces significantly less radioactive waste than traditional nuclear power.
The technology is not yet commercially available, but the deal includes an immediate $200 million in cash at signing. This funding is intended to facilitate the start of construction of the company’s first utility-scale fusion power plant in 2026.
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