Oklo Stock (NYSE: OKLO), a manufacturer of small microreactors for nuclear power plants, went public in May 2024 via a SPAC. Its shares opened at $15.50 on the first day of listing, but fell to $5.59 in less than four months. But today, Oklo shares are trading at around $83. This means that if you had invested your $5,000 back then, it would be worth over $74,200 today!
Oklo Stock Chart
Oklo Stock: From $5.59 to $83!
Oklo (NYSE: OKLO), a company that makes small microreactors for nuclear power plants, went public in May 2024 through a SPAC. Its shares opened at $15.50 on the first day but dropped to $5.59 in less than four months. Today, Oklo shares are trading at around $83.
That means if you had invested $5,000 back then, it would now be worth over $74,200!
Let us now look at why Oklo stock has risen so much and, more importantly, whether it is still worth buying.
Why did Oklo attract so much attention?
Oklo is in the news for two reasons. First, Sam Altman, CEO of OpenAI, is associated with it and served as its chairman before it went public. Second, Oklo aims to replace older and larger nuclear reactors with its Aurora microreactor.
Why Oklo is in the News
- 📰 Sam Altman, CEO of OpenAI, was associated with Oklo and served as its chairman before it went public.
- ⚡ Oklo aims to replace older, larger nuclear reactors with its innovative Aurora microreactor.
The Aurora microreactor generates just 1.5 megawatts of power, compared to a typical nuclear reactor’s roughly 1,000 megawatts. However, these microreactors can be combined into small clusters to generate 15 to 100 megawatts of power. This makes them ideal for remote areas where conventional large reactors are unsuitable and off-grid power systems are needed.
Why Aurora Microreactors Stand Out
- ⚡ Each microreactor produces a small 1.5 MW of power.
- 🔗 Can be combined in clusters to generate 15–100 MW.
- 🌍 Perfect for remote areas needing off-grid power.
Oklo’s microreactors run on tiny metallic pellets of special uranium fuel. These are denser, more durable at high temperatures, and cheaper than the uranium dioxide pellets used in conventional reactors. Importantly, these reactors can operate for nearly a decade without refueling, as their pellets are recycled and reused in a closed loop. Older reactors, on the other hand, require fuel replacement every two years.
For this reason, Oklo’s microreactors could prove to be a major leap forward for nuclear energy. The U.S. Department of Energy (DOE) approved the construction of the first reactor in Idaho in 2019. However, the Nuclear Regulatory Commission (NRC) has not yet granted a joint license for these reactors. Therefore, they will likely not be deployed before late 2027 or early 2028.
Oklo Microreactor: Progress & Timeline
- 🚀 Oklo’s microreactors could be a major leap forward for nuclear energy.
- 🏗️ DOE approved the first reactor in Idaho in 2019.
- 📜 NRC has not yet granted a joint license for deployment.
- ⏳ Likely deployment: late 2027 or early 2028.
Meanwhile, the US Air Force recently selected Oklo to install a small nuclear reactor at Eielson Air Force Base in Alaska. However, this contract is also dependent on NRC license approval, so it likely won’t generate revenue until 2027-2030.
Oklo & US Air Force Project
- ✈️ US Air Force selected Oklo to install a small nuclear reactor at Eielson AFB, Alaska.
- 📜 Contract depends on NRC license approval.
- ⏳ Likely revenue generation: 2027–2030.
FAQs
Why is Oklo stock so volatile?
It’s difficult to determine the true value of Oklo’s stock, as the company isn’t currently making any money and is incurring significant losses. For example, its net loss in 2023 was $32 million, and it will increase to $74 million in 2024. Experts estimate that it will incur another $75 million in losses in 2025.
Is it still safe to invest in Oklo Stock?
Oklo stock has performed well from 2024 to 2025, but investing in any stock always involves risk. Therefore, before investing, consider the company’s financial health, market conditions, and your personal goals.
How much money would I have made today if I had invested $10,000?
A $5,000 investment would make approximately $12,359, while a $10,000 investment would make approximately $24,718. This estimate is based on the same percentage return.
What does the future look like for Oklo Stock?
Oklo stock has performed well recently, driven by growing interest in clean energy and new technologies in the United States. However, its future performance will depend heavily on company decisions and economic conditions.
Can I make profits even with small investments?
Yes, even small investments in stocks like Oklo Stock can show significant growth over time. Gradual and regular investments can lead to increased profits over the long term.
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