Meta Platforms (META) just announced nuclear power agreements with three providers, including Sam Altman-backed Oklo (OKLO). Soon after the announcement, shares of Oklo, a small modular reactor (SMR) developer, rose 8% as Meta aims to secure carbon-free electricity for its artificial intelligence infrastructure.
The deal validates Oklo’s business, which went public in 2024 through a SPAC merger. Altman co-founded Oklo and maintains a 4.3% stake in the company, valued at over $600 million today.
