Key Points
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Nuclear power startup Oklo (NYSE: OKLO) has seen its shares decline over 18% in 2026, underperforming the S&P 500’s 3% decline.
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Oklo is awaiting approval for a 1.2 gigawatt power campus in Pike County, Ohio, backed by a prepayment agreement with Meta Platforms.
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The company has an impressive cash position, with $1.2 billion in cash and marketable securities, allowing it over 10 years of operational runway at its burn rate of $65-$80 million annually.
Oklo is currently navigating the regulatory process for its Aurora powerhouses, which are small modular reactors designed to operate for up to 10 years without refueling. The company has developed an 18 GW pipeline and is positioned to benefit from increasing energy demands and the rising costs of fossil fuels.
In November, the Department of Energy approved an important Nuclear Safety Design Agreement for Oklo’s Aurora Fuel Fabrication Facility at Idaho National Laboratory, marking a significant milestone in its regulatory pathway.
