Oklo Raises $1.182B, Gets DOE Approval for Groves Reactor and Breaks Ground on 1.2GW Meta Campus
Oklo ended 2025 with $1.4 billion in cash and marketable securities and secured an additional $1.182 billion in early 2026, underpinning planned $350–$450 million CapEx for Idaho, Ohio and Tennessee projects. The company advanced licensing for its Groves isotopes test reactor with DOE design approval, completed the Atomic Alchemy acquisition and broke ground on its first Aurora powerhouse under a 1.2 GW Meta prepayment deal.
1. Financial Position and Funding
Oklo closed 2025 with $1.4 billion in cash and marketable securities and raised an additional $1.182 billion in early 2026. Management outlined a 2026 capital expenditure guidance of $350–$450 million, with significant allocations toward the Idaho Radiochemistry Laboratory, Meta powerhouses in Ohio and recycling and isotope projects in Tennessee.
2. Project Developments and Partnerships
The company progressed the first phase of its advanced fuel center in Tennessee and made substantial construction strides at the Groves isotopes test reactor in Texas following the Atomic Alchemy acquisition. It also broke ground on its Aurora powerhouse at Idaho National Laboratory and secured a prepayment agreement with Meta for a 1.2 GW power campus.
3. Regulatory and Licensing Progress
Regulatory activity accelerated with DOE approval of the nuclear safety design for the Groves test reactor and an NRC license granted for the Idaho Radiochemistry Laboratory. Oklo continues licensing reviews across multiple assets, leveraging executive orders and transitioning DOE-authorized facilities to NRC-licensed operations.