Shares of Oklo surged 29.7% on Wednesday, according to Investor's Business Daily. The jump followed news that the nuclear startup secured a Department of Defense deal to deploy its fast reactor technology at Eielson Air Force Base in Alaska. The stock hit an all-time high of $68.91 before falling over 5% postmarket after Oklo announced a $400 million public offering, with an option to sell an additional $60 million. The deal is expected to close June 16, pending market conditions. CEO Jacob DeWitte said the agreement reflects federal confidence in Oklo’s clean energy mission. Analyst Jed Dorsheimer expects a 30-year power purchase agreement and credited recent Trump executive orders that streamline DoD nuclear projects by bypassing regulatory oversight. The stock has gained over 200% in 2025, buoyed by investor interest in nuclear energy and AI-related infrastructure.
