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Oklo's business model is focused on selling power to customers, and its main product line for producing power is the Aurora nuclear reactor powerhouse product line. The Aurora powerhouse is a design for a small power plant to generate 15-50 MWe of electrical power [ 5 ] via a Siemens or similar power generation system and utilizing a compact ...
Oklo (NYSE: OKLO), a nuclear power start-up backed by OpenAI CEO Sam Altman, went public by merging with a special purpose acquisition company (SPAC) on May 10, 2024.The stock opened at $15.50 on ...
Oklo was one of a handful of stocks focused on small modular reactors (SMRs) that soared last year, including NuScale Power and Nano Nuclear Energy, and the performance in January shows investors ...
Sam Altman-backed nuclear power company Oklo has boomed on the stock market over the past month as investors look to nuclear energy as the next big AI trade.Shares in the company, which is ...
The Aurora is being developed by Oklo Inc. [2] Oklo Inc was founded in 2014, with investors including Hydrazine Capital (founded by Sam Altman, with Peter Thiel as its sole limited partner); Facebook's co-founder, Dustin Moskovitz; Ron Conway of SV Angels; Kevin Efrusy, a technology investor at Accel Partners; Daniel Aegerter, a Swiss investor ...
Image source: Getty Images. It also signed an agreement with Switch, an AI, cloud, and enterprise data center provider, in December.In the nonbinding Master Power Agreement, Oklo will deploy 12 ...
Oklo’s business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants. Instead of conventional reactors, the company aims to use mini nuclear ...
However, nuclear energy is emerging as a favored power source among big tech companies and billionaire investors, and investors looking for exposure to nuclear energy piled into Oklo last month.