Core Viewpoint - Oklo, an advanced nuclear start-up, has seen its stock surge 533% year-to-date and nearly 90% in September, reaching a market valuation of $19 billion, outpacing competitors and tech giants [1][2] Company Overview - Oklo is developing the Aurora powerhouse, a small modular reactor designed to generate over 75 megawatts of power using high-assay low-enriched uranium (HALEU) fuel, allowing for a decade of operation without refueling [5][6] - The company is currently pre-revenue and lacks a commercially operating nuclear facility [2][10] Market Potential - The global data center market is projected to require approximately 84 gigawatts (GW) of power by 2027, with Oklo's modular reactors potentially supplying part of this demand [7][8] - Oklo's Aurora powerhouses can be assembled near data centers and combined to meet the high power needs of hyperscale data centers, which typically require 100 megawatts or more [8] Innovation and Sustainability - Oklo plans to establish a $1.68 billion Advanced Fuel Center in Tennessee to recycle nuclear waste into fresh metallic fuel, potentially providing a significant supply chain advantage [9] Regulatory Challenges - Oklo is still seeking regulatory approval from the Nuclear Regulatory Commission for its Aurora design, having faced setbacks in its application process [11][12] - The company is expected to incur cash burn between $65 million and $80 million in 2025, as it has not yet generated revenue [12] Policy Support - Recent U.S. government initiatives signal support for advanced nuclear reactors, which may benefit Oklo as it navigates the regulatory landscape [13][14] - Oklo's Aurora design has been selected for a Department of Energy Reactor Pilot Program, with the potential to have its first powerhouse operational by late 2027 [14] Investment Considerations - Oklo's stock trades at about 28 times book value, indicating high expectations are already priced in, making it a consideration for aggressive long-term investors [15]
Up Over 500% This Year: Not Nearly Enough People Are Talking About This Stock