What Happened to Oklo?
Ticker: OKLOSPAC Year: 2021
Return
+462.6%
Current Price
$56.26
Peak Price
$193.84
Trust Size
$1.5B
Summary
Oklo is a nuclear energy startup developing compact fast reactor technology to provide clean, reliable power. The company is chaired by OpenAI CEO Sam Altman.
What Happened
Oklo went public in May 2024 through a merger with AltC Acquisition Corp, a SPAC backed by Sam Altman and veteran dealmaker Michael Klein, at an $850 million valuation. Shares initially plunged 54% on debut but subsequently surged as AI-driven electricity demand boosted interest in nuclear energy. The pre-revenue company is developing its Aurora microreactor and has attracted significant attention due to Altman's involvement and the broader nuclear energy renaissance.
Timeline
2021-05-07
S-1 Registration Filed