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Peers like Nuscale Power jumped 34% during that period, and Nano Nuclear Energy was up 39%. Part of the gains in Oklo shares are likely related to Sam Altman, who owns roughly 6% of the company.
Sam Altman owned a 2.6% stake in the company, according to a regulatory filing in June. He became chair of Oklo in 2024 after serving as its CEO for three years.
Altman got involved with Oklo while he was president of startup incubator Y Combinator. Oklo went into the program in 2014, after an earlier meeting between Altman and DeWitte. In 2015, Altman ...
Oklo Inc. is an advanced nuclear technology company based in Santa Clara, California. [1] [2] Founded in 2013 by Jacob DeWitte and Caroline Cochran, both graduates of the Massachusetts Institute of Technology (MIT), the company designs compact fast reactors with the aim of providing clean, safe, and affordable energy.
Altman was born on April 22, 1985, in Chicago, Illinois, [8] [9] into a Jewish family, [10] and grew up in St. Louis, Missouri.His mother is a dermatologist, while his father was a real estate broker.
The startup, Oklo, will merge with AltC Acquisition Corp, co-founded by Sam Altman and Churchill Capital. Altman has long been a lead investor of Oklo, serving as chairman since 2015.
Oklo, another Altman-backed nuclear power company, has yet to receive approval from the Nuclear Regulatory Commission after its previous application was denied in 2022, Tech Crunch reported.
OpenAI CEO Sam Altman and venture capital firm Andreessen Horowitz are two of the investors who have put $20 million into Exowatt, a green-energy startup targeting data centers, the Wall Street ...