Oklo, The Sam Altman-Backed Startup, Reports Earnings As Nuclear Power Gains Political Backing

Oklo (OKLO), the nuclear power startup backed by OpenAI head Sam Altman, reports second-quarter results late Tuesday. Meanwhile, Cathie Wood continues to buy up shares. And political support for nuclear energy from both Democrats and Republicans appears to be growing. Through the end of March, the developer of small, fast-fission nuclear plants neither engaged in any operations nor generated any revenues, according to regulatory filings. The company's primary activities related to its Initial Public Offering (IPO) process. In 2023, the operation had net income of $11.868 million, operational costs of...