Company Overview - Oklo is a nuclear power startup focusing on small modular reactor (SMR) technology, which allows for a significantly smaller footprint compared to traditional nuclear plants [1][2] - The company's shares have increased approximately 50% in September and are now over $100, representing a more than 12-fold increase from the previous year [1][5] Project Development - Oklo recently held a groundbreaking ceremony for its first Aurora power plant, which will utilize a sodium-cooled fast reactor SMR [2][5] - The plant aims to demonstrate the efficiency of SMR technology and can utilize spent fuel from existing reactors alongside enriched uranium [2] Market Position and Speculation - The speculative nature of Oklo's stock is highlighted by the theoretical efficiency of its technology, drawing parallels to biotech startups awaiting drug trial results [3][5] - The company is part of the U.S. Department of Energy's Reactor Pilot Program, with a goal to demonstrate criticality in three test reactors by July 2026, indicating a faster timeline compared to typical drug trials [4] Support and Influence - Oklo's project has garnered support from influential figures, including government officials and members of the U.S. Senate, indicating a strong interest in the success of the SMR initiative [6]
Should You Buy Oklo Stock Even Though It's More Than $100?