New York, Jan 11, 2026, 20:08 ET — Market closed.
- Oklo gained 7.9% on Friday following a deal for its Ohio nuclear project, backed by Meta
- Company says the deal includes a mechanism allowing Meta to prepay for power and finance early-stage work
- Filings revealed insider sales executed under pre-arranged plans as the stock surged
Oklo Inc. shares enter Monday’s session under the spotlight following a 7.9% rally on Friday, closing at $105.31. Earlier in the day, the stock surged nearly 18% before trimming some of those gains. (Investing)
Meta Platforms pushed its stock higher by announcing long-term plans to secure nuclear power for its expanding data centers. On Friday, Meta revealed 20-year deals to buy electricity from three Vistra nuclear plants. The company is also teaming up with Oklo and TerraPower to develop small modular reactors—compact nuclear plants touted for quicker construction compared to traditional reactors. Together, these projects could supply as much as 6.6 gigawatts of nuclear power by 2035.
Meta has positioned these deals as a safeguard against grid limitations amid rising power needs from AI. The company said the agreements will back its “Prometheus” AI data center in New Albany, Ohio — a 1-gigawatt site scheduled to launch in 2026.
Oklo announced that its deal with Meta pushes forward plans for a 1.2-gigawatt (1,200 megawatts) power campus in Pike County, Ohio. The agreement includes a mechanism for Meta to prepay for power and provide funding to boost project certainty. Oklo said the cash will help lock in nuclear fuel and advance Phase 1. Pre-construction and site work are set to start in 2026, with the first phase aiming for completion as early as 2030 and full expansion to 1.2 GW by 2034. “Meta’s funding commitment in support of early procurement and development activity is a major step in moving advanced nuclear forward,” CEO Jacob DeWitte said. Meta’s energy head Urvi Parekh added that the project “enables the development of 1.2 gigawatts of nuclear energy in Southern Ohio.” (Oklo)
The market’s pressing question is simpler: how much does “prepay” actually translate to in dollars, and what sets it off? Oklo hasn’t revealed the financial details, and the timelines extend well beyond the typical quarter-to-quarter cycle that usually moves trading.
Insider trading disclosures hit Friday’s filings. DeWitte sold 164,186 Oklo Class A shares on Jan. 7-8, with weighted average prices between $93.79 and $100.06, according to a Form 4. The sale was made under a Rule 10b5-1 plan—a pre-arranged schedule allowing executives to offload shares. (SEC)
Oklo co-founder and COO Caroline Cochran disclosed sales during the same two-day period under a 10b5-1 plan set up in March 2025, according to a separate filing. (SEC)
The bullish case is simple: if corporate buyers back new nuclear builds, project financing could get a boost and the pipeline might finally move forward. On the flip side, nuclear projects often face delays unrelated to demand. The Financial Times pointed out that Oklo still hasn’t secured regulatory approval, and bringing new nuclear designs to market remains a complex, expensive challenge—even with well-funded customers hunting for reliable “baseload” power. (Financial Times)
Meta’s latest deal reflects a wider trend in tech firms investing more heavily in hard infrastructure. Axios reported that Meta earlier secured a 20-year nuclear agreement with Constellation in Illinois. Now, through these new contracts, the company aims to back both current nuclear plants and the development of new reactors. (Axios)
Oklo’s Monday session will probably hinge on fresh details about the amount, timing, and terms of any prepayment, as well as the path from the current deal to actual construction. Traders also have a key date marked: Zacks shows Oklo’s next earnings report is due March 23, 2026.
