Sam Altman takes nuclear energy company Oklo public to help power his AI ambitions [MSNBC.com]
AltC Acquisition Corp. Class A (ALCC)
Company Research
Source: MSNBC.com
Sam Altman is now chairman of a public company. But it’s not OpenAI.On Friday, advanced nuclear fission company Oklo started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a special purpose acquisition company (SPAC) called AltC Acquisition Corp., founded and led by Altman.Under ticker symbol “OKLO,” shares were trading at just above $15 on Friday morning. Oklo was set to receive more than $306 million in gross proceeds upon closing of the transaction, according to a release.Oklo’s business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants. Instead of conventional reactors, the company aims to usemini nuclear reactorsU.S. Air ForceOklo is currently working to build its first small-scale reactor in Idaho, which could eventually power the types of data centers that OpenAI and other artificial intelligence companies need to run their AI models and services.Altman, co-founder
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ALCC
News
- Oklo Signs MOU with Atomic Alchemy to Collaborate on Isotope Production [Yahoo! Finance]Yahoo! Finance
- Sam Altman-backed Nuclear Start-up Crashes After Wall Street Debut [Barron's]Barrons
- Altman-Backed Oklo's Shares Slump in Debut After Hot SPAC Deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- Altman-Backed Oklo's Shares Slump in Debut After Hot SPAC Deal [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Altman-Backed Oklo's Shares Slump in Debut After Hot SPAC Deal [BNN Bloomberg (Canada)]BNN Bloomberg
ALCC
Sec Filings
- 5/20/24 - Form SC
- 5/9/24 - Form 8-K
- 5/8/24 - Form 10-Q
- ALCC's page on the SEC website