Trump Media and Technology Group announced a $6 billion all-stock merger with fusion energy company TAE Technologies, expected to close in mid-2026, giving shareholders of each firm roughly equal stakes.

Trump Media shares jumped 33% after the announcement, despite the company’s ongoing financial struggles and minimal revenue from its Truth Social platform.

The merger aims to create one of the first publicly traded fusion companies, with plans to build a utility-scale fusion power plant to provide abundant, low-risk energy.

Trump Media will provide up to $200 million in cash at signing, with an additional $100 million available, and Devin Nunes and TAE CEO Michl Binderbauer will serve as co-CEOs, CNBC has reported.

The combined company will hold Truth Social and several TAE subsidiaries, leveraging TAE’s 1,600 patents and $1.3 billion in prior investment from backers like Google and Chevron.