Stock

# Oklo (OKLO)

An advanced-nuclear developer of small fast reactors, with a Meta-backed campus plan and a goal of running its first powerhouse in 2028.

Updated Oct 29, 2026

Information and analysis only, not a recommendation to buy, sell or hold any security. The author may own securities discussed.

Researched and drafted with AI agents. Every figure is taken from a source cited on the page.

Analysis and information

## What it does

Oklo is developing Aurora powerhouses, fast-fission reactors designed to produce 15 to 75 MW of electricity on fresh, recycled or down-blended nuclear fuel. It is also building nuclear fuel recycling, fuel fabrication and a radioisotope business. Its business model is to supply power under long-term power purchase agreements, not to market reactor designs.

## Role in the theme

In **Power for data centers**, Oklo is an early-stage future supplier. In January 2026, Meta agreed to prepay for power to advance a planned 1.2 GW power campus in Pike County, Ohio. Oklo also has a 12 GW master power agreement with Switch, signed in December 2024. It aims to deploy its first powerhouse, in Idaho, in 2028.

## Latest

- **2026-10-23:** set its Q3 report for 2026-11-06 before the market opens, with a call at 8:30 a.m. ET.
- **2026-10-22:** the NRC hosted a closed pre-application meeting with Oklo on staff feedback about draft license application chapters for its planned fuel reprocessing facility. The NRC meeting page shows no outcome.
- **2026-10-13:** DOE selected Oklo under its Nuclear Energy Launch Pad to advance an isotope production and processing pilot. The pilot follows its Groves Isotope Test Reactor in Texas. DOE selected 12 developers across 13 projects.
- **2026-10-01 to 2026-10-20:** seven Form 144 notices of proposed stock sales by company affiliates were filed with the SEC. A Form 144 is a notice; it does not confirm that a sale took place.
- **2026-09-11:** finished a $1.0 billion at-the-market stock program, issuing 17,971,448 shares, and opened a new program for up to $1.0 billion.
- **2026-08-07, Q2 report:** cash, cash equivalents and marketable debt securities of $3,006.3 million on 2026-06-30. Net loss of $81.6 million for the first half of 2026. The Groves Isotope Test Reactor reached first criticality on 2026-08-05.

## What to watch

- Q3 results on 2026-11-06, before the market opens.
- Next steps with the NRC on the reprocessing facility and the Aurora powerhouse.
- Construction progress at the Idaho site toward the 2028 goal.
- Use of the new $1.0 billion stock program.

## Covered in

- Theme: [Power for data centers](/research/themes/power-data-centers)

## Sources

Primary means the publisher of the data or the filing; secondary means press or an aggregator.
- [Oklo 10-Q for the quarter ended June 30, 2026](https://www.sec.gov/Archives/edgar/data/1849056/000162828026054571/oklo-20260630.htm)Primary 2026-08-07
- [Oklo announces date for third quarter 2026 results](https://oklo.com/newsroom/oklo-announces-date-for-third-quarter-2026-financial-results-and-business-update-call)Primary 2026-10-23
- [NRC: Oklo pre-application meeting on reprocessing facility](https://www.nrc.gov/public-meetings-hearings/public-meeting-schedule/20260779)Primary 2026-10-22
- [Oklo selected under DOE's Nuclear Energy Launch Pad](https://oklo.com/newsroom/oklo-to-advance-groves-2-forge-as-part-of-u-s-department-of-energys-nuclear-energy-launch-pad-se)Primary 2026-10-13
- [SEC EDGAR: Form 144 filings for Oklo](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001849056&type=144&dateb=&owner=include&count=40)Primary 2026-10-20
- [Oklo 8-K: new equity distribution agreement](https://www.sec.gov/Archives/edgar/data/1849056/000110465926106897/tm2625056d1_8k.htm)Primary 2026-09-11
[All research](/research)[All signals](/signals)[Back to today's read](/)