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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 ...
Stocks of other firms making similar tech to Oklo’s, such as NuScale and NANO Nuclear Energy (), also surged following news of Google's and Amazon's investments on Oct. 14 and Oct. 16 ...
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 ...
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 ...
For example, NuScale Power, another SMR developer, had numerous cost overruns on its Utah Associated Municipal Power System (UAMPS) project, and its 2015 agreement was terminated in late 2023 due ...
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 ...
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 ...
Oklo and Nano were up as much as 10.1% and 11.5%, respectively, before retreating, and are up 9.3% and 5.7% as of the time of writing. ... and small enough to power a satellite. Just like Oklo ...