Core Insights - Oklo is a pre-revenue company focused on advanced fission technology and nuclear fuel recycling, presenting both significant risks and potential upside for investors [1][3] Company Overview - Oklo is developing advanced fission reactors known as Aurora powerhouses to address the increasing energy demands of data centers and industries such as defense and manufacturing [2][3] - The company currently has a market capitalization of $11 billion and is trading at approximately $63.83 per share, reflecting a significant premium due to investor optimism rather than current revenue [2][4] Partnerships and Agreements - Oklo has established binding agreements with major companies, including Meta Platforms, Siemens Energy, and Liberty Energy, which are expected to convert into revenue once the technology is deployed [3][5] - The company anticipates deploying its first reactors in 2027, contingent upon receiving licensing approval from the U.S. Nuclear Regulatory Commission (NRC) [3][7] Stock Performance and Valuation - The stock has experienced substantial volatility, with a peak increase of over 700% in 2025, ending the year up nearly 240%, indicating that the valuation is driven by optimism rather than fundamentals [4][5] - As of February 19, the stock price has retreated from its 52-week high of $193, currently trading around $65 per share [5] Market Demand and Future Prospects - There is a growing demand for Oklo's reactors, particularly in light of the increasing power needs associated with AI technologies [7] - If Oklo receives the necessary approvals and successfully deploys its reactors by 2027, it could lead to substantial revenue growth and new stock highs [8]