Sam Altman’s Nuclear Bet Gets Pentagon Boost, Issues Stock
They say lightning doesn’t strike twice, but nuclear contracts do. After the military axed a $100M+ deal in 2023, Sam Altman’s OkloOKLO landed a US Air Force contract. The microreactor developer surged 29.7% on Wednesday’s announcement — then promptly diluted shareholders to celebrate.
- Oklo conditionally secured 30 years to design, construct, and operate a microreactor at Alaska’s Eielson Base — despite lacking a nuclear license and having never commercialized a reactor.
- After market close, the $9.3B company announced a $400M public offering with an additional $60M underwriter option — finalizing on Monday after hitting hype-driven all-time highs.
Stratton Oakmont? Oklo joins quantum computing stocks and Serve RoboticsSERV in the “capitalize-on-hype” playbook — companies raising massive funds despite questionable fundamentals. While quantum firms raised $1.4B on just $24M in revenue and Serve secured $80M with $1.67M in sales, the Pentagon is now betting on a company with zero operational reactors. Nothing screams confidence quite like immediately diluting shareholders after landing a milestone contract — Jordan Belfort would be proud.