Oklo
Advanced nuclear fission company developing small power plants, fuel recycling and isotope production.
IPOSource [2]Source [1]Last verified Oct 2, 2026
About Oklo
Oklo develops advanced fission power plants called Aurora powerhouses, designed to produce 15 to 75 megawatts of electricity and heat and to run on fresh, recycled or down-blended nuclear fuel. Its fast reactor design builds on the Experimental Breeder Reactor-II, which the U.S. government operated for 30 years.Source [1]
The company is also commercializing nuclear fuel recycling and, through its 2025 acquisition of Atomic Alchemy, radioisotope production. Its first Aurora powerhouse is planned at Idaho National Laboratory, and it is developing a 1.2 gigawatt power campus in Pike County, Ohio under a January 2026 prepayment agreement with Meta.Source [1]
Oklo was founded in 2013 by Jacob DeWitte, its chairman and CEO, and Caroline DeWitte (formerly Cochran), its COO. It became a public company on the New York Stock Exchange in May 2024 by merging with AltC Acquisition Corp., whose CEO was Sam Altman, Oklo's chairman from 2015 until April 2025.Source [1]Source [2]Source [4]
It has not yet received NRC approval or licensing and reported no revenue for 2025, with a net loss of $105.7 million and $1.41 billion in cash and marketable securities at year end.Source [1]
What happened
Founded in 2013 by Jacob DeWitte and Caroline DeWitte (formerly Cochran). It became a public company on the New York Stock Exchange (OKLO) in May 2024 by merging with AltC Acquisition Corp., a special purpose acquisition company whose CEO was Sam Altman, who had chaired Oklo since 2015. Altman stepped down as chairman in April 2025; the company continues to report as a listed company and filed its fiscal 2025 annual report in March 2026.Source [1]Source [2]Source [4]
Timeline
- 2026-04Expanded its board to eleven directors.Source [3]
- 2026-01Signed a prepayment agreement with Meta to develop a 1.2 GW power campus in Pike County, Ohio.Source [1]
- 2025-08Selected by the DOE for two Reactor Pilot Program projects, with Atomic Alchemy selected for a third.Source [1]
- 2025-04Sam Altman stepped down as chairman; Jacob DeWitte became chairman.Source [4]
- 2025-02Acquired radioisotope company Atomic Alchemy.Source [1]
- 2024-12Signed a 12 GW master power agreement with Switch.Source [1]
- 2024-05Began trading on the NYSE as OKLO after merging with AltC Acquisition Corp., raising about $306 million in gross proceeds.Source [2]
- 2015Sam Altman became chairman and an early investor.Source [2]
- 2013Founded by Jacob DeWitte and Caroline DeWitte (Cochran).Source [1]
Products and brands
- Aurora powerhouse: Fast fission power plant line producing 15 to 75 MWe, with potential to scale to 100 MWe and higher.Source [1]
- Fuel recycling: Technology to convert used nuclear fuel into fuel for its powerhouses and others.Source [1]
- Radioisotopes (Atomic Alchemy): Radioisotope production business acquired in February 2025.Source [1]
Leadership
| Jacob DeWitte | Chairman and CEOSource [1]Source [4] | |
| Caroline DeWitte | COO and DirectorSource [1] | |
| R. Craig Bealmear | CFOSource [1] |
Funding and financials
- Net loss
- $105.7 million (fiscal 2025)Source [1]
- Operating expenses
- $139.3 million (fiscal 2025)Source [1]
- Cash, cash equivalents and marketable debt securities
- $1.41 billion (December 31, 2025)Source [1]
- Non-affiliate market value
- About $7 billion (June 30, 2025)Source [1]
Notable acquisitions
| Atomic AlchemySource [1] | 2025 | About $1.0 million cash plus 820,840 shares |
People on Founded, and where they went next
| Person | Here | Also built |
|---|---|---|
| Sam Altman | Chairman2015 to 2025 | Merge LabsActiveTools for HumanityActiveOpenAIActiveHelionActiveY CombinatorActiveHydrazine CapitalActiveLooptAcquired |
Links
Sources
- Oklo Inc. Form 10-K for fiscal year 2025, Oklo Inc. via SEC EDGAR, 2026-03-17. Accessed Oct 2, 2026.
- Oklo Inc. Begins Trading on the New York Stock Exchange, Oklo, 2024-05-10. Accessed Oct 2, 2026.
- Oklo Inc. Form 8-K (board expansion), Oklo Inc. via SEC EDGAR, 2026-04-10. Accessed Oct 2, 2026.
- Oklo Announces Chairman Transition, Oklo, 2025-04-22. Accessed Oct 2, 2026.