Oklo public debut.

Oklo, a micronuclear reactor company with significant backing from OpenAI's Sam Altman, went public via SPAC on Friday and shares tumbled 54%, Bloomberg reports.

Nuclear may be a solution for power-hungry data centers, and demand for those is on the rise after Altman's OpenAI's ChatGPT catalyzed the industry. But Oklo still has to get approval from the NRC.

Headshot of Cat Clifford

Cat Clifford

Senior Science and Economics Correspondent