4.6 • 12 Ratings
🗓️ 25 September 2025
⏱️ 5 minutes
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Nuclear power startup Oklo is now worth $21 billion. Its relationships with the Secretary of Energy Chris Wright and OpenAI CEO Sam Altman have certainly helped.
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| 0:00.0 | Here's your Forbes Daily Briefing for Thursday, September 25th. Today on Forbes, how AI |
| 0:07.7 | hype minted two new billionaires from a company with no revenue. As of Monday, the shares of |
| 0:15.5 | 12-year-old nuclear fission company, Oaklo, are up 47% over the previous week and more than 400% over the past |
| 0:23.6 | six months, thanks to excitement around the potential for nuclear energy to power the AI boom. |
| 0:29.9 | The most recent jump comes after the U.S. and UK governments signed an agreement last week |
| 0:35.4 | to invest some $350 billion into AI, quantum computing, and |
| 0:40.8 | nuclear energy. Despite the jump, it's not yet clear the nuclear deals will benefit |
| 0:45.9 | Oklo directly. The Santa Clara-based company also broke ground on its first nuclear power plant |
| 0:52.4 | at the Department of Energy-controlled |
| 0:54.2 | Idaho National Laboratory earlier this week. |
| 0:57.8 | As of market close Monday, Oklo's market cap sits at $21 billion. |
| 1:04.4 | Oklo's run-up makes husband and wife co-founders Jacob DeWitt, who is CEO, and Caroline |
| 1:09.8 | Cochran, who is chief operating officer, |
| 1:12.6 | New Billionaires. |
| 1:14.6 | The couple founded the company in 2013, while DeWitt was a PhD student at MIT studying |
| 1:20.6 | nuclear engineering. |
| 1:22.6 | Cochran, who graduated from MIT with a master's degree in nuclear engineering in 2010, |
| 1:28.7 | had just completed a stint as a marketing and engineering consultant. The name came from the uranium-rich mineral |
| 1:34.3 | deposits at Oklo, Gabon, renowned for having undergone self-sustained fission two billion years ago. |
| 1:42.4 | Each founder is now worth $1.7 billion per Forbes estimates, based on their |
| 1:47.4 | combined 16% stake in Oklo and approximately $30 million from share sales. Cochran, who is |
| 1:54.6 | one of just three dozen self-made women billionaires in the U.S., and one of just six under 50. |
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