Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Cathie Wood Bets Big on Nuclear Future, Invests $2.4 Million in Oklo

theguru Views  

Cathie Wood has bought shares of a small modular reactor (SMR) startup company, Oklo.

ARK Invest, by Cathie Wood, purchased 281,490 shares of Oklo through its exchange-traded fund (ARKQ). The total amount is approximately $2.4 million. This is the first time Oklo has been added to the ARK Inves portfolio.

Established in 2013, Oklo is a small reactor company based in California. Sam Altman has invested in Oklo since 2014 and has become a board member. He founded OpenAI and is the “father of generative AI,” ChatGPT. Altman invested in the company, eyeing the potential demand in the AI industry. Oklo went public on NASDAQ this May through a merger with a special purpose acquisition company (SPAC), AltC.

Oklo is vigorously developing small reactors with an operation date of 2027. They are currently working on building their first small reactor at the Idaho National Laboratory.

One of their small reactor, Aurora, uses donut-shaped nuclear fuel and a heat pipe that can effectively cool down the heat. Aurora uses nuclear waste as fuel. It is a clean power plant expected to be commercialized in 2025 with investment from the U.S. Department of Energy (DOE).

Unlike conventional nuclear power plants, Oklo plans to supply power by miniaturizing the reactor. While traditional nuclear power plant construction requires a considerable area of land, an Oklo power plant can be built on 81,000 square feet.

theguru
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    Snoring May Be Hurting Your Memory More Than You Think

    LIFESTYLE 

  • 2
    Superfoods Gone Wrong: What Not to Overeat

    LIFESTYLE 

  • 3
    Stop Peeling Your Kiwi—Here’s Why You Should Eat the Skin

    LIFESTYLE 

  • 4
    Ovarian Cancer’s Hidden Threat? It’s in the Fluid, Not the Tumor

    LIFESTYLE 

  • 5
    New Study Says Everyday Plastic Could Be Wrecking Your Sleep

    LIFESTYLE 

Popular Now

  • 1
    Why Doctors Call Syphilis the Great Pretender

    LIFESTYLE 

  • 2
    This Tiny Organ Can Cause Big Trouble—Here’s How to Catch It Early

    LIFESTYLE 

  • 3
    Think Smoothies Are Healthy? You Might Want to Rethink That

    LIFESTYLE 

  • 4
    Your Morning Coffee Might Actually Be Helping Your Bones

    LIFESTYLE 

  • 5
    Managing Carbohydrates: What to Know Before You Cut

    LIFESTYLE 

Must-Reads

  • 1
    Snoring May Be Hurting Your Memory More Than You Think

    LIFESTYLE 

  • 2
    Superfoods Gone Wrong: What Not to Overeat

    LIFESTYLE 

  • 3
    Stop Peeling Your Kiwi—Here’s Why You Should Eat the Skin

    LIFESTYLE 

  • 4
    Ovarian Cancer’s Hidden Threat? It’s in the Fluid, Not the Tumor

    LIFESTYLE 

  • 5
    New Study Says Everyday Plastic Could Be Wrecking Your Sleep

    LIFESTYLE 

Popular Now

  • 1
    Why Doctors Call Syphilis the Great Pretender

    LIFESTYLE 

  • 2
    This Tiny Organ Can Cause Big Trouble—Here’s How to Catch It Early

    LIFESTYLE 

  • 3
    Think Smoothies Are Healthy? You Might Want to Rethink That

    LIFESTYLE 

  • 4
    Your Morning Coffee Might Actually Be Helping Your Bones

    LIFESTYLE 

  • 5
    Managing Carbohydrates: What to Know Before You Cut

    LIFESTYLE 

Share it on...