Meta Prepays Oklo for First SMR Reactor in 6.6 GW AI Power Deal
Meta will prepay Oklo to build its first recycled-fuel reactor under a 6.6 GW nuclear power purchase deal for AI data centers. Despite lacking a reactor license or binding power contracts, Oklo’s market capitalization has climbed to about $26 billion, reflecting speculative valuations in zero-revenue nuclear startups.
1. Meta Prepayment Agreement
Meta has agreed to prepay Oklo under its 6.6 GW power purchase framework to support AI data centers, providing upfront capital for Oklo’s inaugural small modular reactor that will utilize recycled nuclear fuel.
2. Reactor Licensing and Construction Timeline
Oklo currently holds no reactor license or binding power purchase contracts beyond the Meta prepayment, and must secure regulatory authorizations before construction can commence on its first facility.
3. Market Valuation and Investor Sentiment
Investor enthusiasm has driven Oklo’s market capitalization to roughly $26 billion despite zero revenue, mirroring a broader sector valuation exceeding $45 billion for small modular reactor startups.