Company Overview - Oklo is a development-stage nuclear fission technology company focused on small modular reactors [2] - The company is backed by OpenAI CEO Sam Altman and Silicon Valley billionaire Peter Thiel [3] - Oklo currently has no revenue as it is in the development phase [2] Stock Performance - Oklo's stock surged 177.6% in October, nearly tripling in value [2] - The stock experienced two major upward phases in October [2] - Shares pulled back in early November after regulatory issues [4] Industry Developments - Microsoft signed a deal with Constellation Energy to revive a nuclear facility at Three Mile Island [3] - Alphabet announced an agreement with Kairos Power to use small modular reactors for AI data centers [3] - Amazon signed several deals for nuclear energy projects, including small modular reactors [3] Regulatory Milestones - Department of Energy approved Oklo's conceptual safety design report for its Aurora Fuel Fabrication Facility [3] - Federal Energy Regulatory Commission blocked Amazon's deal with Talen Energy's Susquehanna power plant [4] Market Sentiment - Nuclear energy is emerging as a favored power source among big tech companies and billionaire investors [2] - Investors are increasingly drawn to the nuclear energy sector, particularly companies like Oklo with high-profile backers [3] - The nuclear sector faces uncertainty, with grid reliability concerns taking precedence as power demand grows [4]
Why Oklo Stock Skyrocketed 178% in October