Space Economy Growth & Vision - The space economy is at an inflection point, experiencing rapid growth, driven by commercial space activities and private companies [1][2][5] - By the end of the decade, a fully commercial space station, built by Axiom Space, is expected to be in orbit before the International Space Station retires, with the first module launching by early 2027 [3][4] - The ultimate destiny for humanity is interstellar travel, with the moon and Mars serving as stepping stones [16] - By 2050, the vision includes hourly launches to a space city above Earth, daily launches to the moon, and weekly launches to Mars, with quarterly launches to Proxima Centauri [18] Commercial Space Opportunities - Opportunities exist in low Earth orbit (LEO) for orbital data centers, semiconductors, pharmaceuticals, and bioprinting due to the unique environment of space [10][12] - AI data centers in space are a growing area, with companies like AWS pioneering in this field [13][14] - Mining on the moon, particularly for helium-3, presents economic and national security opportunities [16] Human Spaceflight & International Collaboration - Access to space is becoming more affordable, attracting interest from numerous countries, with Axiom Space having worked with 11 countries and being oversubscribed [6] - Space missions inspire the next generation, as demonstrated by the 350 million people under 16 in India who tuned in to a mission [8] Power & Nuclear Energy - Nuclear energy is crucial for space habitation and interstellar travel, with X-Energy developing small modular reactors [20][24] - X-Energy has signed deals with Amazon AWS for initially 5 gigawatts, potentially growing to 10 gigawatts, and with Centricon in the UK to power AI data centers [21] - Safe space nuclear power is necessary for lunar surface operations, nuclear electric propulsion, and nuclear thermal propulsion to shorten travel times to other planets [24]

Core Insights - The article discusses the contrasting profiles of Oklo Inc. and Dominion Energy, both of which are involved in the nuclear power sector, highlighting their different stages of development and market perceptions [1][2]. Group 1: Oklo Inc. - Oklo is focused on next-generation microreactors, particularly its Aurora microreactor platform, and has made significant progress with a binding contract with Siemens Energy, which reduces supply-chain risks [3][6]. - Despite its long-term potential, Oklo has faced volatility, missing earnings in three of the last four quarters and experiencing a stock price decline of over 50% from its 52-week high [4][6]. - The company is still in the pre-revenue stage, raising concerns about execution risks and the need for additional capital, having already raised $460 million and filed for a $3.5 billion shelf registration [6][7]. - Regulatory challenges persist, with slow nuclear permitting processes that could lead to schedule delays, further complicating Oklo's path to commercialization [5][6]. Group 2: Dominion Energy - Dominion Energy operates a stable nuclear fleet that supplies nearly 40% of its electricity, providing a solid foundation for long-term growth and stability [8][10]. - The company is undergoing a turnaround, focusing on debt reduction, capital discipline, and a long-term capital expenditure program of $50 billion from 2025 to 2029, aimed at grid upgrades and renewable energy investments [10][11]. - Dominion's earnings visibility is strong, with projected EPS of $3.40 in 2025 and $3.60 in 2026, indicating growth rates of 23% and 6% respectively, alongside expected revenues of $16 billion in 2025 [18][20]. - The company is also advancing major projects like the Coastal Virginia Offshore Wind project, which is over 60% complete and on schedule, contributing to its rate-base growth [11][12]. Group 3: Comparative Analysis - Oklo's stock has seen a significant increase of over 300% year-to-date, driven by speculative sentiment, while Dominion's stock has risen about 16%, reflecting steady progress [13]. - Valuation metrics show Oklo trading at an elevated 11X book value, indicating speculative enthusiasm, whereas Dominion trades at 1.7X, aligning more closely with regulated utility fundamentals [15]. - Both companies carry a Zacks Rank 3 (Hold), but Dominion is viewed as better positioned due to its regulated earnings and lower risk profile compared to Oklo's speculative nature [22].

Core Insights - The United States is experiencing a nuclear industry renaissance, with Nano Nuclear Energy (NNE) gaining investor interest as an advanced nuclear reactor developer [1][2] - The Kronos microreactor, developed by Nano Nuclear Energy, has a power generation capacity of up to 15 megawatts electric (MWe) and can operate independently from the electric grid [3][4] - The Nuclear Regulatory Commission has not yet approved the Kronos design as a prototype, placing Nano Nuclear Energy behind its peer NuScale Power, which has two approved designs [4] Company Overview - Nano Nuclear Energy has a market capitalization of $2 billion, with a current stock price of $30.85 and a day's change of 1.95% [5][6] - The company aims to be vertically integrated, developing its own nuclear fuel supply chain and marketing low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU) to other small modular reactor companies [6][7] - The company’s goal is to become the only vertically integrated microreactor business in the U.S., which would provide a competitive advantage and multiple revenue sources [7] Industry Context - The increasing demand for advanced nuclear power reactors is driven by the strains placed on the electric grid by artificial intelligence (AI) computing [2] - The interest in developing a fuel processing business by Nano Nuclear Energy could provide a significant competitive edge in the market [7][8]

Table of Contents As filed with the U.S. Securities and Exchange Commission on November 25, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 TERRESTRIAL ENERGY INC. Charlotte, NC 28217 (646) 687-8212 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Simon Irish Chief Executive Officer 2730 W. Tyvola Road, Suite 100 Charlotte, N ...

Table of Contents As filed with the U.S. Securities and Exchange Commission on November 25, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 TERRESTRIAL ENERGY INC. (Exact name of registrant as specified in its charter) Delaware 3443 98-1785406 (Primary Standard Industrial (I.R.S. Employer Identification Number) Charlotte, NC 28217 (646) 687-8212 (Address, including zip code, and telephone numb ...

Core Viewpoint - NuScale Power's stock experienced a significant decline following a bearish outlook from UBS, which revised its price target down by approximately 47% [3][4]. Group 1: Stock Performance - Shares of NuScale Power ended the previous trading session over 4% higher but are now down 6.7% as of midday trading [1]. - The stock's closing price on Monday was $19.94, and the new UBS price target implies it was fairly valued at that market close [4]. Group 2: Analyst Insights - UBS has lowered its price target for NuScale Power from $38 to $20 while maintaining a neutral rating, citing the company's third-quarter 2025 financial results and payment timing related to a partnership with ENTRA1 Energy [3]. - Earlier in November, Northland analyst Jeff Grampp also reduced the price target for NuScale Power from $40 to $30 [4]. Group 3: Investment Considerations - Despite the recent price target cut, NuScale Power is still viewed as a compelling investment opportunity in the advanced nuclear energy sector [6][8]. - The Motley Fool suggests that potential investors should consider longer holding periods rather than reacting solely to short-term analyst price target changes [5][8].

Core Insights - Oklo Inc. (NYSE:OKLO) is a nuclear power company focused on designing small modular reactors, but faces long project delivery timelines [2][3] - Jim Cramer highlighted a significant 400% gain in Oklo's shares, suggesting it may be a good time to take profits [2] - Cramer expressed skepticism about the nuclear sector's timelines, indicating that even small modular reactors require 6 to 7 years for completion [3] Company Overview - Oklo Inc. is involved in the development of small modular reactors, which are seen as a potential solution for nuclear energy [2] - The company is positioned in a sector that is experiencing a shift away from rapid investment returns, as indicated by Cramer's commentary on the end of the 'era of magical investing' [2] Market Context - Cramer compared Oklo's investment potential unfavorably to certain AI stocks, suggesting that AI may offer better returns with lower risk [3] - The nuclear power industry is characterized by lengthy project timelines, which may deter some investors looking for quicker returns [3]

Project Status - The last major U S nuclear power project exceeded its budget by over $16 billion and was delayed by seven years [1] - The U S government is considering a new attempt with the AP1000 project [1]

Company Overview - Citigroup updated its rating for Oklo Inc. (NYSE:OKLO) to Neutral, maintaining a hold action, and raised the price target from $68 to $95, with the current stock price at $88.17 [1][5] - Oklo Inc. is a nuclear power start-up focused on developing Aurora powerhouses using innovative metal-fueled fast-reactor technology [1][5] Industry Context - Numerous countries are committed to tripling their nuclear energy capacity by 2050, with a significant focus on the U.S. due to rising electricity demands [2] - Nuclear power is favored for its scalability, reliability, continuous availability, and zero-carbon emissions, aligning with U.S. energy strategies [2] Stock Performance - Over the past year, Oklo's stock has surged by 347%, although it is currently 52% below its all-time high [3][5] - The stock has fluctuated between a low of $79.01 and a high of $89.93 today, with a market capitalization of approximately $13.78 billion and a trading volume of 21.67 million shares [4]

Market Sentiment and Stock Futures - US stock futures advanced, indicating a stronger open for Asian markets, driven by optimism for Federal Reserve interest rate cuts and positive news from Nvidia [2][8] - S&P 500 E-mini futures rose by 0.7% and Nasdaq 100 E-mini futures jumped by 1.2% [2] Nvidia Developments - Nvidia received assurances from the US government to resume shipments of its lower-end H20 AI accelerator chips to China, alleviating earlier inventory concerns [3] - CEO Jensen Huang highlighted robust demand for Blackwell chips, describing it as "off the charts," indicating strong demand for AI infrastructure [3] Federal Reserve Rate-Cut Optimism - Markets are increasingly pricing in a near-term reduction in interest rates by the Federal Reserve, with a 74% chance of a rate cut at the next meeting [5][8] - New York Fed President John Williams suggested room for a rate cut without jeopardizing inflation goals, while Dallas Fed President Lorie Logan advocated for maintaining the current policy rate [4][6] Gold Market Dynamics - Gold prices are holding firm, with December delivery futures settling 0.5% higher at $4,079.5 per ounce, reflecting traders' expectations of a near-term Fed rate cut [5][6] - The mixed signals from US labor data, including rising jobless claims and a four-year high unemployment rate, contribute to gold's appeal as a non-yielding asset [6] UK Nuclear Energy Challenges - The UK is identified as the costliest country to build new nuclear power plants, ranking 15th out of 16 countries in construction cost per megawatt hour [7][9] - The Hinkley Point C project is projected to cost £33 billion, potentially increasing to £46 billion ($59 billion), with completion delays expected beyond 2029 [9] Oil Market Trends - Oil prices are declining as traders assess the potential for a peace deal between Ukraine and Russia, which could increase global oil supply [10][11] - Brent crude recently fell 0.4% to $68.93 a barrel, reflecting market concerns over the evolving geopolitical situation [10]