Company Overview - Oklo is a nuclear technology company focused on innovative solutions, particularly its Aurora small modular reactor (SMR) which utilizes liquid metal cooling instead of traditional water cooling [3][4] - The company is also a leader in nuclear fuel recycling technology in the United States, with no direct competition in this area [5][7] Technology and Innovation - The Aurora reactor can produce up to 75 MWe of electricity and operate for 20 years without refueling, with the first reactor under construction at the Idaho National Laboratory expected to be operational by the end of 2030 [4] - Oklo's fuel recycling technology can extract 100 times more energy from the same fuel used in water-cooled reactors, reduce nuclear waste by 90%, and produce three times the power of comparable water-cooled reactors [6][7] Financial Performance - Oklo recorded a net loss of $64.2 million for the first nine months of 2025 and currently generates no revenue, relying on investor funding and government contracts [9][12] - The company has cash reserves of $410 million and marketable debt securities of $511.5 million, with manageable debt of $40.6 million as of September 30 [10] Market Position and Future Prospects - Oklo has been selected for the Department of Energy's Advanced Nuclear Fuel Line pilot projects and has partnered with France's Newcleo, which could invest up to $2 billion in the company [11] - The nuclear fuel recycling industry is projected to be worth $4.7 billion by the end of the decade, while the SMR market could reach $7 billion by 2030 [15] Stock Performance - Oklo's stock has increased by 426% in 2025, reflecting strong market interest despite the lack of revenue [2][12] - The current market capitalization is $17 billion, with a stock price of $104.73, but the company is considered highly speculative due to its financial situation [13][14]