Overview
- The all-stock transaction carries an estimated value of about $6 billion, sets 50/50 ownership, and includes up to $300 million earmarked for TAE.
- DJT jumped 42% Thursday, added 8.3% Friday, and rose 3.6% in Monday premarket trading on heavy retail activity.
- The tie-up is presented as the first large-cap, pure-play fusion listing on a major U.S. exchange, creating a new public pathway for fusion funding.
- Conflict-of-interest and governance concerns have surfaced because the majority owner is the sitting president, raising questions about DOE grants, permitting, and nuclear licensing.
- Significant risks remain, including TMTG’s $54.8 million Q3 net loss, a 53% year-to-date decline despite the rally, no Wall Street analyst coverage, and fusion’s long, uncertain commercialization timeline.