Trump Enters the Race for Fusion Power
Market Intelligence Analysis
AI-PoweredShares of Trump Media & Technology Group Corp. surged 70% after a $6 billion merger deal with fusion startup TAE Technologies, with the combined entity to be owned equally by shareholders of both companies.
Market impact analysis based on bullish sentiment with 75% confidence.
Article Context
Shares of Trump Media & Technology Group Corp. (NYSE:DJT) have surged nearly 70% after the company agreed to merge with fusion startup TAE Technologies in a $6 billion deal. Under the terms of the deal, shareholders of each company will own roughly half of the combined entity on a fully diluted equity basis. Trump Media, majority owned by U.S. President Donald Trump, will now become the holding company for TAE Power Solutions and TAE Life Sciences alongside current holdings Truth Social, Truth+ and Truth.Fi. Founded in 1998, TAE Technologies…
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