Oklo Inc. ($OKLO) Stock: Soars Over 26% as Sam Altman-Backed Nuclear Firm Hits All-Time High

TLDR

Oklo stock surged 26.26% to $66.33 amid bullish nuclear energy sentiment.
Stock hit record high; one-year return exceeds 600%.
Secured contract to supply nuclear power to Eielson Air Force Base.
Regulatory milestone achieved with the U.S. Nuclear Regulatory Commission.
Backed by Sam Altman, fueling strong investor confidence.

Oklo Inc. (NYSE: OKLO) shares soared 26.26% to $66.33 as of 11:08 AM EDT on June 11, 2025.

Oklo Inc. (OKLO)

The advanced nuclear technology firm’s stock rally reflects growing enthusiasm for its small-scale fission reactor technology, driven by increasing demand for clean, scalable energy alternatives worldwide.

Record Stock Performance

Oklo’s shares reached $64.07 at close after climbing $11.53 or 21.95% during regular trading, marking a historic high. Year-to-date, the stock has gained a remarkable 212.44%, while its one-year return stands at an eye-popping 601.92%, far outpacing the S&P 500’s 12.62% gain. Over the past three and five years, Oklo has delivered returns exceeding 560%, underscoring exceptional market confidence in its future potential.

Key Contract and Regulatory Progress

A major driver behind Oklo’s stock surge was news that the company secured a contract to supply nuclear power to Eielson Air Force Base in Alaska. Under this agreement, Oklo will design, build, own, and operate its Aurora powerhouse, enhancing energy security for U.S. defense infrastructure through a long-term power purchase agreement.

Oklo Selected as Intended Awardee to Provide Clean, Reliable Power to Eielson Air Force Base in Alaska – https://t.co/tS4YGkiB3a

— Nuclear NY (@nuclearny) June 11, 2025

Oklo also cleared a regulatory hurdle with the U.S. Nuclear Regulatory Commission, which is reviewing its Licensed Operator Topical Report. This report introduces a novel licensing model aimed at streamlining the operation and approval process for future micro-reactor deployments.

Strategic Partnerships and Market Influence

The company’s high-profile backing from OpenAI CEO Sam Altman continues to attract both retail and institutional investors. Since its NYSE debut in May 2024 via a SPAC merger with AltC Acquisition Corp., Oklo’s valuation has surged to over $8 billion. Analysts from Craig Hallum reaffirmed their Buy rating, citing the firm’s unique market position and technology advantage in the advanced nuclear energy sector.

Strong Financial Foundation

Oklo’s financials reflect a stable outlook, supported by a current ratio of 36.23 and more cash than debt on hand, according to InvestingPro. Despite its stock being considered overvalued relative to fair value estimates, investor appetite remains high, driven by confidence in Oklo’s long-term growth prospects.

Outlook for Clean Energy

Oklo also voiced support for recent White House executive orders aimed at accelerating nuclear energy deployment, bolstering hopes for regulatory reforms that could benefit its operations. The company’s annual shareholder meeting saw the re-election of key directors and the ratification of Deloitte & Touche LLP as its fiscal 2025 auditor, ensuring continued governance strength.

The post Oklo Inc. ($OKLO) Stock: Soars Over 26% as Sam Altman-Backed Nuclear Firm Hits All-Time High appeared first on CoinCentral.

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