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Oklo Shares Slip 15% As NRC Approval and First Reactor Remain Years Away

The pre‑revenue reactor developer faces a long path to its first Aurora unit.

Overview

  • Oklo’s stock has fallen about 15% over the past three months and is roughly flat for 2026, reflecting a pause after last year’s surge.
  • None of Oklo’s Aurora small reactors has U.S. Nuclear Regulatory Commission approval, and reporting puts its first build in late 2027 or 2028.
  • Oklo and Meta agreed to plan a 1.2‑gigawatt nuclear campus in Ohio that could use about a dozen reactors if the project advances.
  • The company says it has more than 14 gigawatts of customer interest for on‑site power, led by demand from data centers and heavy industry.
  • Oklo asserts its units can run for years and use nuclear waste as fuel, but with no operating reactors, the next two years are likely to be speculative and volatile for investors.