Why Trump Media Stock Skyrocketed Today

A game-changing merger is placing the social media platform on a new fusion-fueled path.Shares of Trump Media & Technology Group (DJT +41.93%) surged on Thursday after the company announced a $6 billion merger with TAE Technologies. By the close of trading, DJT's stock price was up more than 40%. Image source: Getty Images. Trump Media's cash could propel TAE Technologies' scientific advances The union would combine Trump Media's substantial financial resources with TAE's advanced technology to create one of the world's first publicly traded fusion power companies. Under the terms of the deal, TMTG will provide up to $300 million in cash to fund TAE's development projects. TAE brings more than 1,600 patents, an experienced scientific team, and respected CEO Michl Binderbauer, who will serve as co-CEO of the combined company along with Trump Media CEO Devin Nunes. ExpandNASDAQ: DJTTrump Media & Technology GroupToday's Change(41.93%) $4.39Current Price$14.86Key Data PointsMarket Cap$2.9BDay's Range$12.71 - $15.2052wk Range$10.18 - $43.46Volume100MAvg Vol5.8MGross Margin-14937.33% The potential for limitless energy The merged enterprise plans to begin construction on the world's first utility-scale fusion plant with a projected 50 Megawatts of electrical power, subject to regulatory approval.Advertisement "We're excited to identify our first site and begin deploying this revolutionary technology that we expect to fundamentally transform America's energy supply," Binderbauer said in a press release. Fusion power has the potential to produce clean, safe, and nearly limitless energy by replicating the atom-merging processes that fuel the Sun. Yet despite decades of scientific studies, the technology remains unproven. Still, fusion proponents are optimistic that advances will continue to be made in the coming years. "Fusion power will be the most dramatic energy breakthrough since the onset of commercial nuclear energy in the 1950s -- an innovation that will lower energy prices, boost supply, ensure America's A.I.-supremacy, revive our manufacturing base, and bolster national defense," Nunes said.Read NextJul 8, 2025 •By Keith NoonanWhy Trump Media Stock Sank 15.2% Last Month but Is Gaining in JulyApr 23, 2025 •By Keith NoonanWhy Trump Media Stock Is Soaring TodayApr 17, 2025 •By Keith NoonanWhy Trump Media Stock Is Jumping TodayNov 7, 2024 •By Keith NoonanWhy Trump Media Stock Is Plummeting TodaySep 26, 2024 •By Jeremy BowmanDown 81%, Trump Media Stock Could Still Head Lower. Here's Why.May 31, 2024 •By Lou WhitemanWhy Trump Media & Technology Group Stock Is Volatile TodayAbout the AuthorJoe Tenebruso is a contributing Motley Fool stock market analyst. Previously, Joe was an investment analyst for Stock Advisor, Income Investor, and Crypto Society, as well as several other market-beating investing services. He graduated summa cum laude from Rutgers University with a Bachelor of Science in Finance.tmfguardianX@Tier1InvestorStocks MentionedTrump Media & Technology GroupNASDAQ: DJT$14.86 (+0.42%) $+4.39*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.Advertisement