Oklo (NYSE:OKLO), a nuclear energy startup backed by OpenAI’s Sam Altman, has seen its stock price rise over 500% in the past year and over 55% in the last month, currently trading around $63 per share. The company focuses on developing compact, fast-spectrum microreactors with power capacities ranging from 15 to over 100 megawatts, a significant decrease from traditional plants that average around 1,000 megawatts.
With rising electricity demand driven by the tech sector and government initiatives to increase nuclear capacity from 100 GW to 400 GW by 2050, Oklo’s microreactors are positioned to offer clean, stable, and consistent power. The U.S. Department of Defense is also engaging with Oklo to potentially power Eielson Air Force Base in Alaska.
However, Oklo remains a pre-revenue company with financial challenges ahead. It plans to begin operations by 2028-2029 while incurring significant costs, raising concerns about potential capital dilution or debt as it seeks to scale from prototype to full production.
