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Core Facts on Oklo
Oklo (NYSE: OKLO), a nuclear technology company, is focused on powering data centers with nuclear energy. Founded by CEO Jacob DeWitte, the company has partnerships with AI firms, including a notable agreement to develop a 1.2 GW nuclear power campus in Pike County, Ohio, for Meta Platforms. Oklo currently has a significant 18 GW order book, including a non-binding agreement with Switch to provide up to 12 GW by 2044.
As of 2026, Oklo’s market cap stands at $8 billion, while its trailing 12-month revenue is only $1.2 million, indicating a reliance on acquired businesses and highlighting the absence of reactor-generated income. The company reported a loss of $48.5 million in Q2 2026, up from $33 million in Q1, with no confirmed date for the commercial operation of its first reactor. Challenges persist in securing a stable supply of high-assay low-enriched uranium (HALEU), essential for scaling its operations.
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