Oklo's Aurora-Idaho plant

Open · 1 update · since Nov 7, 2026 · updated Nov 7, 2026 Energy nuclear smr us

Where it stands: Oklo's Aurora powerhouse at Idaho National Laboratory has moved from site preparation into structural construction, after the Department of Energy approved its Preliminary Documented Safety Analysis. Oklo also reported higher-than-expected quarterly revenue, a $41.7 million net loss and $3.1 billion in cash, and its shares closed up 23%. Watch whether the final safety analysis, readiness review and startup authorization keep the reiterated 2028–2029 commercial-operation target on track.

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• 2026-11-07
  (BigGo — finance.biggo.com/news): Oklo reported Q3 2026 revenue of $1.86 million (vs ~$1.02 million consensus, diluted loss per share $0.22 vs $0.27 estimate) and said its first commercial project, the Aurora powerhouse at Idaho National Laboratory, has moved from site preparation into structural construction — reactor-area excavation finished and vertical structural steel installation underway as of November 4, with the Department of Energy approving the project's Preliminary Documented Safety Analysis (a checkpoint Oklo compares to an NRC construction permit). Shares closed up 23% on November 6, the biggest one-day gain since September 2025 (Financial News — from $19.20 to near $23.55). Same-day disclosures: a strategic manufacturing agreement with U.S. Forged Rings reserving forging capacity equivalent to 27 Aurora reactor modules for potential 2030–2035 deployments, first deliveries expected 2030, contingent on qualification of a planned Hertford County, North Carolina campus; net loss of $41.7 million for the quarter; $3.1 billion in cash and marketable securities after $2.3 billion raised through at-the-market offerings; PJM's withdrawal of one Virginia interconnection application, with the Meta-linked Ohio campus (up to 1.2 GW) unaffected. Watch: final Documented Safety Analysis, readiness review and startup authorization at Aurora; whether the reiterated 2028–2029 commercial-operation target holds; USFR campus qualification and conversion of the reservation into binding orders.