Shares of nuclear-power startup Oklo (OKLO) skyrocketed in Wednesday’s trading session after the company revealed it had been chosen by the Department of Defense (DoD) to deploy its innovative nuclear reactor technology at Alaska’s Eielson Air Force Base. The news sent the company’s stock surging as investors reacted positively to the significant development. After the market closed, Oklo announced it was launching a public offering of $400 million in common shares, giving underwriters the option to purchase additional shares. The deployment at Eielson Air Force Base marks a crucial milestone for Oklo’s emerging technology, potentially paving the way for broader adoption of its nuclear reactor systems. The company’s innovative approach to nuclear power has garnered significant attention from both the military and private investors, positioning Oklo at the forefront of advanced nuclear energy solutions.
