Founded in 2013 by Massachusetts Institute of Technology graduates Jacob DeWitte and Caroline Cochran, Oklo (OKLO -5.54%) is a nuclear power company with the goal of providing clean, affordable energy. The company plans to create small-scale nuclear power plants that run on nuclear waste.
Oklo has several project sites, including its first commercial fission power plant in the U.S., which will be located in Idaho. The company held a groundbreaking ceremony for the power plant in September 2025. Oklo hopes the plant will be in operation before the end of the 2020s.
The company's current technology includes a next-generation nuclear microreactor called the Aurora, which can produce 15 to 50 megawatts of electricity and operate for 10 years or longer before refueling.
Oklo plans to develop smaller reactors that can be deployed in numerous locations, including remote areas, differing from traditional large nuclear power plants. Management plans to sell directly to customers under long-term contracts, providing 24/7 clean energy to data centers, factories, industrial enterprises, defense facilities, and local communities.
One of the most notable use cases that management foresees is using clean energy derived from nuclear waste to fuel the rapidly escalating demand for data center power caused by artificial intelligence (AI) adoption.
In May 2024, Oklo held its initial public offering (IPO) via a special purpose acquisition company (SPAC) called AltC Acquisition Corp., owned and operated by OpenAI co-founder Sam Altman. If you're interested in buying shares of this nuclear power business, here's what you need to know about investing in Oklo stock, if the company is profitable, whether it pays a dividend, and more.
How to invest
How to buy Oklo stock
Oklo is publicly traded, so you can buy shares of the company like any other stock that you purchase through your brokerage account. You can buy whole or fractional shares of Oklo stock, although shares were trading for just around $20 at the end of 2024.
- Open your brokerage account: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Stock
Should you invest?
Should I invest in Oklo?
Whether or not you should invest in Oklo will depend greatly on your investing style, where you are in your investing journey, your risk tolerance level, and the types of stocks you gravitate toward. If you have the risk appetite to put cash into very speculative nuclear stocks with considerable potential over the next five to 10 years, Oklo might make sense for your portfolio, assuming you already have a well-diversified basket of investments.
Oklo has not officially engaged in any business operations or generated any revenue to date. It is still in the early stages of commercializing its advanced nuclear reactor technology, so it still has to scale up operations to the point of being able to achieve revenue. However, Oklo could pose considerable growth potential for long-term investors.
Oklo has already received a site use permit from the U.S. Department of Energy and was granted fuel material from Idaho National Laboratory. It has also submitted the first advanced fission custom combined license application to the U.S. Nuclear Regulatory Commission and is collaborating with the U.S. Department of Energy and the Idaho National Laboratory to develop advanced fuel recycling technologies. Once operational, Oklo plans for its primary product to be energy produced from its Aurora powerhouses.
Rather than selling its powerhouse designs, Oklo intends to sell energy to customers using power purchase agreements (PPAs) and generate stable, recurring revenue that way. PPAs are long-term contracts between a customer and an energy provider to buy energy at a predetermined price.
The PPA model is more common in the renewable energy space. Most traditional nuclear power industry players sell or license reactor designs to large utility companies that construct and operate a power plant.
The company also wants to tap into its nuclear fuel recycling capabilities and is developing technology that could see it launch its own a commercial fuel recycling facility in the U.S. by the 2030s.
Oklo has noted that AI tech behemoths like Amazon (AMZN -0.57%) and Microsoft (MSFT -0.43%) are shifting to nuclear energy to facilitate some of their data center power needs due to the increased reliance on AI. Oklo signed one of the largest corporate clean power agreements in history with Switch, a company that provides AI, cloud, and enterprise data centers, to deploy 12 gigawatts of Aurora powerhouse projects through 2044.
Oklo has a partnership with global data center and colocation giant Equinix (EQIX -1.21%) that includes a $25 million pre-payment for a future 20-year PPA for as much as 500 megawatts of power for its data centers. Oklo has also received a non-binding letter of intent from Prometheus Hyperscale, a leader in the hyperscale data center industry, to supply 100 megawatts of clean power to its data center campus under a 20-year PPA.
Profitability
Is Oklo profitable?
Oklo has not yet generated revenue or net income since it is still scaling its operations. As it is an early-stage nuclear power company, investors should likely not expect profits to enter the picture until sometime after 2030.
Dividends
Does Oklo pay a dividend?
Oklo does not pay a dividend. With no revenue or earnings at present, it is unlikely that the company's management will even consider paying a dividend for many years to come.
ETFs
ETFs with exposure to Oklo
If you would like to invest in the potential of a groundbreaking nuclear business like Oklo without buying individual shares, you can invest in an exchange-traded fund (ETF) that contains the stock in its portfolio compositions. A few notable examples include
Exchange-Traded Fund (ETF)
Stock splits
Will Oklo stock split?
Oklo only went public via SPAC in May 2024. It has not split its stock nor are there any announced plans for a stock split.
Related investing topics
The bottom line on Oklo
Oklo is a tremendous opportunity if the company can execute on its goals. Its growth story has barely started, and investors who take a position in this stock now will be putting cash into the power of its potential rather than actual business operations.
Investors should be aware that it may be a few years before Oklo even brings in revenue. However, Oklo has a clear vision for its growth story and its business model and has already executed numerous power purchase agreements that would go into effect once its first Aurora nuclear power plant is up and running.
The company is likely to burn cash for years into the future. For investors wanting a slice of the action of the future of a disruptive nuclear power company that foresees producing clean and affordable energy from nuclear waste for everything from data centers to local communities, Oklo could be a stock worth betting on.
FAQ
Investing in Oklo FAQ
Can you invest in Oklo?
You can buy shares of Oklo through your brokerage account like you would any other stock.
Is Oklo publicly traded?
Oklo is publicly traded. The company went public via SPAC in May 2024.
Who are the largest investors in Oklo?
Oklo is owned by both institutional and individual investors. One notable individual investor is the co-founder of OpenAI, Sam Altman.
What is the stock symbol for Oklo?
The stock symbol for Oklo is OKLO.
