NRC Clarifies Licensing Path, CEO Says Project Cost Was Pared

Oklo Inc. said Wednesday it has a clearer timeline for building its first small nuclear reactor after the Nuclear Regulatory Commission agreed to a staged licensing approach, a shift CEO Jacob Dewitte said could trim years from the original schedule.

The company, which went public in May 2024 through a SPAC merger, reported a net loss of $12.8 million for the three months ended June 30, wider than the $9.3 million loss a year earlier. It has no revenue and expects to continue losing money until its first reactor is operational, which the company now targets for 2028.

The NRC's new framework lets Oklo apply for a license to build and operate a single reactor, the Aurora