New York, April 17, 2026, 12:44 EDT
Oklo traded up roughly 8.5% in midday action Friday, building on a rally among U.S. nuclear stocks after the company reshuffled its board and the White House rolled out a fresh push for faster space-reactor development. Shares changed hands at $69.69 as of 12:29 p.m. EDT.
The rally’s significance comes into sharper focus as advanced nuclear firms receive clearer policy cues, coinciding with major tech companies seeking stable, long-term electricity contracts to power AI data centers. A White House memo directed NASA to get a mid-power reactor program off the ground within 30 days. The Department of Energy, meanwhile, faces a 60-day deadline to determine if the U.S. industrial base can deliver as many as four space reactors over the next five years.
Oklo’s rally pulled up peers. NuScale Power climbed 12.6%, BWX Technologies picked up 2.6%, and Cameco edged 1.5% higher. Developers tout small modular reactors—known as SMRs—as nuclear units that can be built faster than traditional plants.
Oklo this week appointed Mark Peters, David Christian, Derek Kan, and David Park to its board, bumped Michael Thompson up to lead independent director, and shifted Chief Technology Officer Patrick Schweiger into a senior technical adviser post. According to an SEC filing, the board’s size increased to 11 directors.
Chief Executive Jacob DeWitte said Oklo is adding technical and execution expertise, aiming to “move faster and do more simultaneously.” Peters, who once headed Idaho National Laboratory, joins alongside Christian, a former nuclear executive at Dominion Energy. Oklo
Tech money is upending how the sector gets financed. Reuters flagged last week that Meta, Amazon, and Google are now backing nuclear projects to meet surging AI power needs. Shioly Dong, senior analyst at BMI, pointed out that these deals give lenders the “revenue certainty” they want to extend construction debt. Tess Carter at Rhodium Group noted banks are “getting excited and interested”—but they’re not moving in force just yet. Reuters
Oklo’s main commercial focus remains tied to Meta. Back in January, Reuters said Meta struck a deal to support development of as much as 1.2 gigawatts of Oklo-backed capacity in Ohio, aiming for as soon as 2030. That’s one slice of Meta’s broader plan to buy and develop 6.6 gigawatts of nuclear power.
Oklo now sits with a market cap near $16.5 billion after Friday’s jump. But Reuters/LSEG data indicate zero revenue for 2025 and a net loss in the ballpark of $105.7 million. That’s fueling questions about how the stock is being valued.
Risks remain front and center. None of the U.S. advanced-reactor developers has actually started producing commercial electricity, Reuters noted last week. Oklo’s own filings point to hurdles: financing, fuel sourcing, supply chain pressures, and still-uncertain regulation.
The White House memo echoed similar concerns, directing the DOE to pinpoint gaps in the industrial base and supply uranium if private companies can’t. So investors are left wagering that buyers and government support show up before the industry’s usual slowdowns take hold.
