What is Oklo Net Worth 2024: Assets, Equity, and Financial Overview

Curious about Oklo net worth in 2024? Let’s dive into Oklo’s financial landscape, including its assets, equity, and more.

Ando Money explores how Oklo’s strategic investments shape its financial future and where its capital structure stands in today’s market.

Quick Facts

What is the Net Worth/Market Cap of Oklo in 2024?

As of October 2024, Oklo’s market cap is estimated at $1.19 billion, placing it among notable emerging companies in the nuclear energy sector.

Compared to some of its competitors, Oklo’s value reflects its continued progress in developing advanced fission power plants.

While its financial performance may still reflect losses, the company’s focus on innovation and strategic investments shows promise for future growth. Here are some companies in related sectors:

• AltC Acquisition Corp.
• U.S. Department of Energy
• Idaho National Laboratory
• Argonne National Laboratory
• Aurora Powerhouse

To learn more about the largest companies in the world, check out our page on the richest companies.

Oklo Financial Performance Overview

Financial Performance Overview

Oklo’s financial performance in 2024 is marked by significant investments in research and development, a growing asset base, and operational costs that reflect the company’s early-stage nature.

Despite facing a net loss of $53.3 million, Oklo’s market capitalization of $1.19 billion indicates strong investor confidence in its future.

Asset Allocation and Capital Structure

Oklo’s total assets as of June 30, 2024, stand at $299 million, with current assets including $105.6 million in cash and cash equivalents.

The company’s ability to secure funding through partnerships and investments, including those from the U.S. Department of Energy, provides a solid base for future growth.

The company also holds $129.6 million in marketable securities, a critical part of its asset allocation.

Research and Development Expenses

In the first half of 2024, Oklo invested $14.4 million in research and development

. This reflects its commitment to advancing its nuclear fission technology, particularly its innovative Aurora Powerhouse.

These R&D investments are essential for Oklo’s long-term vision, positioning it to be a leader in the clean energy market.

Operating Costs and General Administrative Expenses

Oklo reported $10.7 million in general administrative expenses for the six months ending June 30, 2024.

These expenses cover operational activities, including payroll, marketing, and other administrative functions.

The company continues to scale its team and operations as it works towards its first commercial deployment.

Strategic Partnerships and Investments

Strategic partnerships with entities like Argonne National Laboratory and the Idaho National Laboratory have bolstered Oklo’s position in the nuclear energy market.

These collaborations not only enhance Oklo’s technology but also attract significant financial backing, which contributes to the company’s robust capital structure.

The support from investors through initiatives like AltC Acquisition Corp. has fueled growth, further solidifying Oklo’s market presence.

Equity and Funding Sources

As of June 2024, Oklo’s total equity is valued at $269 million. This includes both investor equity and funds raised through financing rounds.

The recent business combination with AltC Acquisition Corp. brought in $276 million, allowing Oklo to fund its ongoing projects and expand its R&D capabilities.

The company’s ability to raise capital will be critical as it moves closer to commercializing its Aurora Powerhouse.

Use of Advanced Technology for Revenue Growth

Oklo’s advanced fission technology promises a scalable solution for energy production, with potential for both financial and environmental benefits.

As Oklo progresses toward deploying its first Aurora Powerhouse, these technologies are expected to generate substantial revenue streams in the future.

Additionally, Oklo’s ability to harness nuclear fuel recycling technology will likely provide a competitive edge, contributing to its long-term profitability.

Future Revenue Projections

While Oklo has yet to generate significant revenue, its future earnings potential is tied closely to its innovative energy solutions.

The successful deployment of the Aurora Powerhouse by 2027 is expected to mark a turning point for the company, allowing it to capitalize on its technology and secure long-term power purchase agreements with major corporations.

FAQs About Oklo

What are the key assets of the company?

As of June 2024, Oklo’s total assets amount to $299 million, with $105.6 million in cash and cash equivalents, and $129.6 million in marketable securities.

What is Oklo’s business focus in 2024?

The company is focused on developing next-generation fission power plants, particularly the Aurora Powerhouse, which is designed to generate reliable, clean energy from nuclear sources.

How much does Oklo invest in research and development?

In the first half of 2024, it invested $14.4 million in research and development, reflecting its commitment to innovation and advanced nuclear technology.

Who are the strategic partners of the company?

The company has partnered with the U.S. Department of Energy, Idaho National Laboratory, and Argonne National Laboratory to advance its nuclear technology and expand its operational capabilities.

How does Oklo generate revenue?

Oklo plans to generate revenue through long-term power purchase agreements once its Aurora Powerhouse is operational. It will sell energy directly to industrial and commercial clients.

Conclusion

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