Meta Commits Upfront Capital for Oklo’s 1.2GW Aurora Microreactor, Cash Burn Surges
Oklo secured Meta’s upfront capital to fund early site work, initial equipment and fuel orders for its 1.2GW Aurora microreactor build-out in Pike County, Ohio, targeting Phase 1 by 2030. Q3 2025 Oklo reported $82.2M operating expenses (up 34%), R&D spending +76% and G&A +196%, widening net loss to $64.2M.
1. Meta Partnership Details
Meta Platforms has committed upfront capital to underwrite early engineering, site preparation, initial equipment purchases and fuel orders for Oklo’s Aurora microreactor project in Pike County, Ohio, effectively positioning itself as a patient customer and partial financier without immediate power sales rights.
2. Aurora Project Scope and Timeline
The agreement enables Oklo to pursue Phase 1 development of the 1.2 GW modular microreactor center, with conceptual milestones by 2030 and full build-out targeted by 2034, leveraging modular high-assay low-enriched uranium reactors designed for approximately 77 MW per unit.
3. Financial Performance and Cash Burn
Oklo remains pre-commercial with no electricity sales; nine-month operating expenses reached $82.2 million (up 34%), R&D costs rose 76% and G&A expenses jumped 196%, resulting in a net loss of $64.2 million.
4. Remaining Risks and Outlook
While Meta’s funding reduces early equity and licensing risk, Oklo still faces challenges in scaling manufacturing capacity, securing HALEU supply, obtaining regulatory approvals and achieving cost-effective mass production before realizing any revenue.