Oklo Stock Soars 500% on $2B Nuclear Fuel Deal – Breakthrough or Bubble?
Oklo Inc. (NYSE: OKLO) is a California-based advanced nuclear startup whose stock has surged about 500–650% in 2025 finviz.com ts2.tech. It went public via a SPAC with Sam Altman’s AltC Acquisition in May 2024, raising ~$306 million oklo.com reuters.com. In mid-October 2025 Oklo announced a major fuel partnership: Europe’s newcleo will invest up to $2 billion (with Sweden’s Blykalla as a potential co-investor) to build advanced nuclear fuel factories in the U.S. oklo.com investorsobserver.com. The company has also inked 20-year power purchase agreements to supply clean power to oil producer Diamondback Energy (50 MW) and data-center firm Wyoming Hyperscale (100 MW) datacenterfrontier.com oklo.com.