Trump Media & Technology Group announced Friday it's exploring a spinoff of Truth Social into its own publicly traded company — which means the platform where the president announces tariffs, military strikes, and the occasional economic data preview could soon have its own ticker symbol.
The spinoff is tied to Trump Media's previously announced merger with TAE Technologies, a nuclear fusion company, in a deal valued at over $6 billion. Once that merger closes, Truth Social would be separated out into a new standalone company — referred to in filings as "SpinCo" — and shares would be distributed to existing Trump Media stockholders.
That new company would then merge with Texas Ventures Acquisition III, a blank-check firm listed on the Nasdaq. TAE's energy business and some of Trump Media's other assets would stay with the existing public company.
A spinoff would give Truth Social its own public market valuation, separate from whatever Trump Media becomes after absorbing a fusion energy company. For investors, it creates two distinct bets: one on the social platform and one on the energy play.
Truth Social is the platform Trump uses to reach supporters directly and has become a key channel for presidential announcements. Giving it a standalone stock would likely draw significant retail investor attention — for better or worse.
No final agreements are in place yet, and the discussions may not result in a completed deal.
Trump Media's stock has dropped about 18% this year. Nothing like a spinoff announcement to change the conversation.