Oklo is a nuclear fission startup developing small modular fission reactors and advanced fuel recycling technology to deliver clean, always-on power.
| Window | Stock | vs S&P 500 | vs TSX 60 | vs NASDAQ | From window high | Above window low |
|---|---|---|---|---|---|---|
| 7D | +0.00% | +0.0 pp(+0.00%) | +0.0 pp(+0.00%) | +0.0 pp(+0.00%) | +0.00% | +0.00% |
| 14D | +0.53% | +0.2 pp(+0.33%) | -1.0 pp(+1.53%) | +0.4 pp(+0.17%) | +0.00% | +0.53% |
| 28D | -11.11% | -13.9 pp(+2.81%) | -12.2 pp(+1.06%) | -15.7 pp(+4.60%) | -13.69% | +0.53% |
| YTD | -40.58% | -47.3 pp(+6.70%) | -45.5 pp(+4.89%) | -51.6 pp(+10.98%) | -40.58% | +30.02% |
| 3M | -0.59% | -8.6 pp(+8.05%) | -2.3 pp(+1.75%) | -16.5 pp(+15.89%) | -13.69% | +30.02% |
| 6M | -31.52% | -40.0 pp(+8.52%) | -40.5 pp(+8.94%) | -43.9 pp(+12.43%) | -40.58% | +30.02% |
| 12M | +18.70% | -7.0 pp(+25.73%) | -9.3 pp(+27.95%) | -18.7 pp(+37.44%) | -61.70% | +30.02% |
| 24M | +521.45% | +480.6 pp(+40.84%) | +471.0 pp(+50.40%) | +464.5 pp(+56.98%) | -61.70% | +1019.50% |
| 5Y | +522.69% | +445.9 pp(+76.80%) | +453.8 pp(+68.88%) | +431.6 pp(+91.07%) | -61.70% | +1019.50% |
Note appears to be just a ticker/company name mention with no additional context.
Oklo is a pre-revenue advanced nuclear company aiming to commercialize compact fast fission reactors called Aurora powerhouses, targeting data centers, defense sites, and industrial customers. The company went public via SPAC in 2024 and is backed by high-profile investors including Sam Altman, who serves as chairman. Oklo has no operating reactors yet and is in the regulatory licensing and development phase with the Nuclear Regulatory Commission.
Nuclear power is experiencing a genuine renaissance driven by AI data center electricity demand, with hyperscalers actively seeking always-on, carbon-free power. Oklo's compact reactor design is differentiated by integrated fuel recycling, reducing waste and potentially lowering long-run fuel costs. The company has a high-profile backer in Sam Altman and early customer interest from data center and government operators. If the NRC licensing process advances and Oklo deploys even one commercial unit by 2027-2028, it would represent a massive de-risking event and catalyze a significant re-rating. Long-term TAM for distributed nuclear power is enormous if the regulatory and technology risks resolve favorably.
Oklo has zero revenue, no operating reactor, and its initial NRC license application was rejected in 2022 — the regulatory path remains deeply uncertain and slow. The stock trades at an enormous implied valuation for a company with no commercial product, making it purely a speculation on future outcomes. Competing advanced nuclear startups (Kairos, TerraPower, X-energy) are all racing for the same limited regulatory bandwidth and customer dollars. Construction cost overruns and delays are endemic in the nuclear industry, even for established players. At ~$62/share the stock is already down ~68% from its 52-week high, suggesting the market has already repriced some of the hype — but further de-rating is plausible if milestones slip.
Business: pre-revenue, no operating reactor, prior NRC rejection, long path to commercialization. Valuation: no earnings, revenue, or clear near-term cash flows to anchor a traditional valuation — price is entirely sentiment and optionality-driven. Macro: interest rate sensitivity for long-duration growth stories; any pullback in AI/data center capex narratives would hurt. Execution: nuclear construction is notoriously over budget and over schedule; Oklo has never built a commercial unit. Regulatory: NRC process is slow and unpredictable. Dilution: pre-revenue companies regularly raise capital, diluting existing shareholders.
You must believe (1) Oklo successfully re-files and obtains NRC licensing approval within a reasonable timeframe, (2) the data center nuclear power demand narrative is durable and Oklo captures meaningful customer commitments, (3) the team can execute a first commercial reactor build on budget and schedule, and (4) the current ~$62 share price does not already price in most of the optimistic scenario given the 52-week high was ~$194.
Oklo is a high-conviction speculative idea only if you have a strong view on the nuclear licensing timeline and AI power demand; the no-context mention and significant pullback from highs warrant waiting for a better entry near $45 or a concrete positive catalyst (NRC filing acceptance, signed LOI, etc.) before committing capital. If you do want a starter position, a small 1x ($500) DCA entry is fee-efficient but treat it as a lottery ticket allocation, not a core holding.
At $62.58/share, a $500 target buys ~7 shares with an IBKR fixed fee of ~$1.00, which is 0.20% of gross — well under the 0.3% threshold. Even at the minimum 1x multiplier ($500), the trade is fee-efficient at this price.