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Oklo Touted as AI Power Play Despite Zero Reactors or Approval

The stock debate hinges on nuclear’s potential size versus the absence of a working plant.

Overview

  • An investment column profiles Oklo, which is designing small modular reactors to power AI data centers.
  • The piece notes that the company has no operating reactors and lacks regulatory approval to sell them.
  • The writer flags a roughly $12.5 billion market value as lofty for a business yet to prove its technology and economics.
  • Bank of America is cited projecting a $10 trillion nuclear market by 2050, with a trillion‑dollar outcome framed as possible only if Oklo captured 10% of that market.
  • Using Oklo’s stated prices, a 75‑megawatt unit running nonstop at $40 to $90 per megawatt‑hour could generate about $26 million to $59 million in yearly revenue.