Oklo Stock: Stocks of Oklo Inc. (NYSE: OKLO) surged more than 25% on Wednesday, closing at a record $64.07, after the company announced it was selected as the intended awardee for a key clean energy project with the U.S. Air Force. This milestone deal represents a major validation for the nuclear startup’s Aurora microreactor technology and highlights its growing presence in the national energy and defense landscape.
Oklo’s stock briefly soared to $67.58 during intraday trading, up over 28%, before ending the day with a 10% daily gain. The sharp rally follows a year of remarkable momentum—Oklo stock is now up over 217% year-to-date and a staggering +561% in the last 12 months.
Air Force Partnership Could Power Alaska Base
The latest catalyst for the surge is a Notice of Intent to Award (NOITA) from the U.S. Defense Logistics Agency Energy, which is working on behalf of the U.S. Air Force. The deal outlines Oklo’s selection to deliver clean and resilient power to Eielson Air Force Base in Alaska using its next-gen Aurora microreactor, capable of supplying up to 75 megawatts of electricity and heat.
While not yet a finalized contract, the NOITA is a clear step forward in Oklo’s strategy to deploy small modular nuclear solutions for both government and commercial markets. If successful, it will support the Air Force’s clean energy goals and provide critical power in one of the most remote and energy-challenged regions in the U.S.
Long-Term Vision Attracting Investor Support
Despite having no commercial revenue yet, Oklo has garnered strong investor confidence through high-profile partnerships, regulatory advancements, and $400 million raised in recent equity funding. The company’s acquisition of Atomic Alchemy, a domestic radioisotope firm, also strengthens its footprint in both energy and medical sectors.
Backed by OpenAI CEO Sam Altman, who serves as chairman, Oklo has become one of the most watched names in the advanced nuclear energy space. Altman’s involvement has helped elevate investor visibility while also aligning Oklo’s clean energy ambitions with broader innovation in AI and infrastructure.
Regulatory Challenges Still Ahead
The company is still awaiting regulatory approval from the U.S. Nuclear Regulatory Commission, with commercial operation targeted for 2027. Oklo’s first reactor application was denied in 2022, but it has since refiled and expects to make progress through a more robust application process.
Outlook
While regulatory hurdles remain, Oklo’s rapid rise and high-impact government partnerships signal growing investor belief in small modular nuclear energy. As the U.S. accelerates its clean energy agenda and strengthens its energy security framework, Oklo’s innovative platform could play a pivotal role.
For now, the market is clearly bullish. Oklo stock’s latest rally underscores a broader trend: nuclear energy is back in focus, and investors are betting that Oklo could be leading the next wave.