If you’re willing to wait a few more years for a pre-revenue company to finally convert its many signed customer agreements, then investing $1,000 in Oklo (NYSE: OKLO) now is a risky endeavor with huge potential upside. There are a few things you need to know about this fission technology and nuclear fuel recycling company first, though.
Oklo is busy building advanced fission reactors called Aurora powerhouses. These powerhouses will meet the growing energy needs of data centers and in industries such as defense and manufacturing.
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It’s important to note that Oklo already has several binding agreements and partnerships with major companies. Meta Platforms, Siemens Energy, and Liberty Energy are among the announced contracts. Oklo anticipates deploying its first reactors sometime in 2027.
Once Oklo can begin deploying its technology, it’ll convert its letters of intent and power purchase agreements into actual revenue. Still, it will likely take multiple years to realize the fruits of this very real demand.
Because Oklo doesn’t have current revenue, the stock is trading at a massive premium and is fueled by optimism. In 2025, Oklo surged, and the stock was up over 700% at one point. It ended the year up nearly 240%. If investors are basing decisions purely on company fundamentals, Oklo is absurdly expensive.
Investors considering an investment in Oklo will be relieved to see the stock has dipped back down to around $65 per share as of Feb. 19. This retreat is well off the 52-week high of $193.
However, it’s hard to ignore the very real momentum the company is generating and the deals it is signing. Not to mention, OpenAI founder Sam Altman was previously the company’s chairman of the board and is a large investor in Oklo. This connection gives the energy company even more legitimacy.
Oklo is awaiting licensing approval from the U.S. Nuclear Regulatory Commission (NRC). A decision on Oklo’s application is expected imminently. Assuming Oklo receives the go-ahead and can deploy on time in 2027, investors should anticipate a flurry of new business for Oklo.
Of course, there’s the risk of denials and delays, but the demand for Oklo’s reactors is growing alongside the power needs of AI.
