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OKLOOklo
Small modular reactor pre-revenue moonshot; Sam Altman-chaired — speculative but on-thesis.
Plate I — Pillar-Purity Score
8/ 10
Pure-play SMR bet; score reflects purity, not certainty.
Methodology — How we score
Plate II — The Thesis
Why it’s on the list.
Oklo is pre-revenue. It is a bet on SMR commercialization plus Sam Altman's network converting into contracts. Position sizing should reflect option-like payoff shape. On-thesis but high-variance.
Plate III — Supply Chain
Upstream & downstream.
See the full chain plate for all 37 names.
Upstream — what feeds OKLO
Downstream — where OKLO feeds into
Plate IV — Thesis Breakers
What would invalidate this.
- Risk 01NRC licensing delays
- Risk 02First-of-kind cost overruns
Plate V — Also on the Power plate
Siblings by pillar.
- TLNScore 10Owns the Susquehanna nuclear and Cumulus data-center campus feeding AWS; post-bankruptcy compound.
- CEGScore 9Largest US nuclear fleet; Three Mile Island restart for Microsoft — the purest nuclear-for-AI trade.
- VSTScore 8Texas nuclear + gas generation signing hyperscaler PPAs; recent top-performing S&P utility.
- GEVScore 7Gas turbines, grid equipment, offshore wind; multi-year backlog constraints are the bull case.
- CCJScore 7Largest Western uranium miner; tier-one fuel supplier to the nuclear renaissance.
Close
Next earnings: 2026-05-12.
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Research only. Not investment advice. Do your own diligence.