Nuclear fission startup Oklo is set to go public via a SPAC merger with AltC Acquisition,

 

Nuclear fission startup Oklo is set to go public via a SPAC merger with AltC Acquisition, a blank check company established by OpenAI CEO Sam Altman and former Citigroup banker Michael Klein.  Altman is also an investor and board chairman of the California-based startup since 2015. The transaction is set to value Oklo at $850M.  Oklo is building a new generation of smaller nuclear fission power projects, with initial reactor projects planned in Idaho and Ohio.  AltC has nearly $500M in cash available, which will likely be directed toward expanding Oklo's business.  Oklo's competitor X-energy is planning to go public via a SPAC merger with Ares Management in a $1.8B deal.  Investors already lowered its valuation by $300M.  Altman has also backed nuclear fusion startup Helion Energy, which recently inked a commercial agreement to sell electricity to Microsoft within five years.