Trump Media & Technology Group (DJT) surged 6.19% in intraday trading Friday, continuing its upward momentum after a 42% surge in the previous session. The stock's rally follows the announcement of a $6 billion all-stock merger with nuclear fusion company TAE Technologies.
The merger aims to combine TAE's expertise in fusion technology with Trump Media's access to capital, targeting the growing demand for clean energy to power AI infrastructure. The companies plan to build utility-scale fusion power plants, with the first expected to generate power by 2031. Trump Media will provide $200 million in cash to TAE, with an additional $100 million after regulatory filings.
The deal has reignited investor interest in DJT, positioning it as a potential leader in the fusion energy space. However, some analysts caution that the commercial viability of fusion technology remains unproven. The Trump family's indirect ownership of DJT shares has also seen a significant increase in value, adding over $500 million to their net worth in a single day.
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