Core Viewpoint - Oklo has made progress towards building its small modular reactor, with its stock rising 4% after completing a key regulatory assessment, indicating a step closer to applying for construction permission [1][3]. Regulatory Progress - The completion of the Nuclear Regulatory Commission (NRC) "pre-application readiness assessment" is a significant milestone for Oklo, as it prepares to submit its combined license application (COLA) for the "Aurora powerhouse" [1][3]. - The NRC's assessment suggests that Oklo is on track to file an application that has a reasonable chance of approval, although the final decision remains uncertain [3]. Future Steps - The next step for Oklo is to submit its COLA application, which is expected to occur later this year, continuing a nearly decade-long journey towards regulatory approval [4]. Business Model and Timeline - Oklo aims to build and operate reactors in-house, supplying power to customers similarly to traditional electric utilities [5]. - If all goes according to plan, Oklo's first reactor is projected to go online in 2027, with revenue generation expected to start that year, although profitability is not anticipated until 2030 [6]. Market Considerations - The current market cap of Oklo is approximately $10 billion, and the potential for the stock to be considered a "buy" heavily depends on the profitability generated in 2030 and subsequent years [6].
Why Oklo Stock Popped on Thursday