Trump Media & Technology (DJT) shares jumped 42% Thursday after the president’s social-media company agreed to merge with fusion-power company TAE Technologies. After news of the all-stock deal came out,

Quick Read Trump Media trades at 797x price-to-sales with $3.68M in trailing revenue and a $54.8M net loss. Reddit sentiment collapsed from 78 to 22 after the $6B TAE Technologies merger announcement.

Trump Media & Technology Group (DJT) announced a $6B all-stock merger with nuclear fusion company TAE Technologies, reigniting meme stock attention. In a structure that mimics a SPAC, DJT provides up to $300M in cash to TAE, which is aiming for commercial fusion electricity by 2031.

Trump Media shares jumped premarket after it struck an all-stock, $6 billion-plus merger with TAE Technologies.

Trump Media & Technology Group is merging with fusion company TAE Technologies in a $6 billion deal. DJT stock jumped 25% in premarket trading. The merger creates one of the first publicly traded fusion companies.

The Trump family empire is expanding into nuclear fusion, a futuristic technology that President Donald Trump’s administration said it wants to accelerate. Truth Social parent Trump Media & Technology Group and TAE Technologies said on Thursday that they had agreed to merge, in an all-stock deal valued at more than $6 billion.