Summary
- Oklo, a nuclear energy start-up chaired by OpenAI CEO Sam Altman, saw a sharp drop in share price on its first day of trading on Wall Street
- Founded in 2013 by MIT graduates, Oklo went public by merging with AltC Acquisition Corp, a SPAC
- Altman directly controls around three percent of Oklo’s capital and the company plans to build small modular reactors and offer nuclear fuel recycling
- Despite challenges, Oklo raised $306 million through the merger for building its first fission reactor named Aurora in Ohio
