Why Is DJT Stock Surging Premarket? Trump Media Announces $6B Merger Deal

Trump Media & Technology Group Corp. (DJT) stock soared over 26% in premarket trading on Thursday, December 18, 2025, following the announcement of a transformative $6 billion merger agreement with TAE Technologies, a privately held fusion power company. The all-stock deal, expected to close in mid-2026, represents a major strategic pivot for the company that operates President Donald Trump’s Truth Social platform.

The merger will result in shareholders of each firm owning approximately half of the combined entity, creating what the companies describe as “one of the world’s first publicly traded fusion companies.” This dramatic development comes as DJT shares had previously plummeted more than 75% since their January 2025 highs, making this merger announcement a potential turning point for the struggling media company.

Inside Trump Media’s $6B Merger With TAE Technologies

The merger agreement values the combined entity at more than $6 billion and will create a diversified holding company encompassing both media and energy technology assets. Upon closing in mid-2026, Trump Media will serve as the parent company for Truth Social, Truth+, Truth.Fi, TAE Technologies, TAE Power Solutions, and TAE Life Sciences.

The deal structure ensures equal ownership, with shareholders from each company holding approximately 50% of the combined entity. Trump Media has committed to providing up to $200 million in cash to TAE at signing, with an additional $100 million available upon filing the required Form S-4 regulatory document.

Leadership of the merged company will be shared between Devin Nunes, current chairman and CEO of Trump Media, and Dr. Michl Binderbauer, CEO of TAE Technologies, who will serve as co-CEOs. This partnership aims to position the company at the forefront of America’s race against China for AI superiority, which has created massive energy demand.

TAE Technologies specializes in fusion power technology, clean energy solutions for electric vehicle power management, and targeted cancer treatments. While no commercial fusion power plants currently exist, the technology holds promise for generating abundant energy without the risks associated with traditional nuclear power.

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DJT Shares Rally Premarket Despite Ongoing Financial Challenges

Trump Media stock traded at $13.23 in premarket trading at 8:48 AM EST on December 18, 2025, representing a gain of $2.76 or 26.36% from the previous close of $10.47. The stock had closed regular trading on December 17 at $10.47, down $0.26 or 2.42%.

Despite the premarket surge, DJT has experienced significant volatility, with shares down more than 75% from their January 2025 highs. The company’s 52-week range spans from $10.18 to $43.46, highlighting the dramatic price fluctuations investors have endured.

The company’s financial metrics reflect its early-stage status and recent struggles. Trump Media has a market capitalization of $2.93 billion and an enterprise value of $2.58 billion as of December 17, 2025. The company reported revenue of just $3.68 million on a trailing twelve-month basis, resulting in an extraordinarily high price-to-sales ratio of 682.70. With a net loss of $144.17 million and negative earnings per share of $0.42, the company has yet to achieve profitability.

Trump Media employs only 29 full-time employees and operates in the Internet Content & Information industry within the Communication Services sector. President Trump indirectly owns more than 114 million shares through a revocable trust managed by his eldest son, Donald Trump Jr.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.