Oklo Stock Rockets 500% on $2B Nuclear Fuel Pact – Boom or Bubble?
Oklo’s share price has been extremely volatile. After going public via SPAC in May 2024 around $10, the stock climbed to the $160–170 range by mid-Octoberts2.tech. For example, it closed about $159 on Oct. 20, then slid to ~$139 on Oct. 21investing.com. On Oct. 22 the stock opened near $133, hit an intraday high around $136, but finished at $124.18 – about -11% for the dayinvesting.com. This pullback followed huge 2025 gains: Oklo remains up roughly 500–600% year-to-datets2.techinvesting.com. Such swings underscore the speculative fervor: investors have piled in on the promise of an “advanced nuclear” boomts2.techbloomberg.com, but recent profit-taking suggests caution. The biggest recent news was Oklo’s Oct. 17 partnership with newcleo and Blykalla. In this deal, newcleo will invest up to $2 billion to build one or more U.S. factories for advanced reactor fuel, and Blykalla is “considering” co-investmentoklo.comreuters.com. Oklo CEO Jacob DeWitte called it a landmark alliance that can “eliminate a legacy liability” by using surplus plutonium as reactor fuel and “accelerate the deployment of multiple gigawatts of advanced reactors”oklo.com. The deal has global implications for supply chains and U.S. energy securityoklo.combloomberg.com.