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

  • Toyota Crown Gets a Matte Makeover: A Closer Look at the Latest Limited Edition Sedan
  • Xiaomi's YU7 Electric SUV Set to Rival Tesla Model Y with 472-Mile Range
  • Toyota RAV4 Soars to Top Spot in U.S. Sales, Surpassing Ford F-150
  • Kia EV3 Wins Car of the Year at UK’s 2025 DrivingElectric Awards
  • Lotus Offers Price Freeze on Emira for 2025 Despite Rising Costs
  • Porsche to Cut 1,900 Jobs in Germany by 2029 Amid Slumping Sales

You May Also Like

  • 1
    Is Your Fitness Declining? 5 Signs You Need to Start Exercising

    LIFESTYLE 

  • 2
    Tesla’s $400 Million Armored Vehicle Deal with State Department Put on Ice Amid Controversy

    DEBATE 

  • 3
    Tesla vs. Customer: Chinese Court Sides with Automaker Over Brake Failure Allegations

    DEBATE 

  • 4
    Kia to Launch EV2 in Europe in 2026: 273-Mile Range for Around $21,000

    LATEST 

  • 5
    Ford F-150 Loses Best-Selling Title to Toyota RAV4 After 47 Years

    LATEST 

Popular Now

  • 1
    What If Rolls-Royce Created a Pickup Truck? A Virtual Rendering Sparks Luxury SUV Curiosity

    LIFESTYLE 

  • 2
    Mercedes-Benz AMG SL 63 Golden Coast: A 100-Unit Limited Edition of Luxury and Performance

    DEBATE 

  • 3
    Moving Speakers and Rollable Displays: Hyundai Mobis Pioneers the Future of Car Interiors

    LATEST 

  • 4
    Mercedes-Benz Issues Recall for 7,362 EQB Vehicles Due to Battery Fire Risk

    DEBATE 

  • 5
    Kia Tasman: Pricing, Features, and Off-Road Focus for the New Pickup Truck

    LATEST 

Must-Reads

  • 1
    Is Your Fitness Declining? 5 Signs You Need to Start Exercising

    LIFESTYLE 

  • 2
    Tesla’s $400 Million Armored Vehicle Deal with State Department Put on Ice Amid Controversy

    DEBATE 

  • 3
    Tesla vs. Customer: Chinese Court Sides with Automaker Over Brake Failure Allegations

    DEBATE 

  • 4
    Kia to Launch EV2 in Europe in 2026: 273-Mile Range for Around $21,000

    LATEST 

  • 5
    Ford F-150 Loses Best-Selling Title to Toyota RAV4 After 47 Years

    LATEST 

Popular Now

  • 1
    What If Rolls-Royce Created a Pickup Truck? A Virtual Rendering Sparks Luxury SUV Curiosity

    LIFESTYLE 

  • 2
    Mercedes-Benz AMG SL 63 Golden Coast: A 100-Unit Limited Edition of Luxury and Performance

    DEBATE 

  • 3
    Moving Speakers and Rollable Displays: Hyundai Mobis Pioneers the Future of Car Interiors

    LATEST 

  • 4
    Mercedes-Benz Issues Recall for 7,362 EQB Vehicles Due to Battery Fire Risk

    DEBATE 

  • 5
    Kia Tasman: Pricing, Features, and Off-Road Focus for the New Pickup Truck

    LATEST 

Share it on...