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Sam Altman-Backed Nuclear Fission Startup Oklo Is Going Public Through SPAC
- jseliger 3y agohttps://archive.ph/MUZ3s https://archive.ph/MUZ3s
- thinkcontext 3y agoSeems odd not to mention that their application to NRC was rejected.
- meepmorp 3y agoHim wanting to unload it via SPAC makes more sense now.
- Centigonal 3y agoI don't think this is a positive signal. Even in the 2021 boom, going public through a SPAC was still seen as what you'd do when you wanted to shift the bag to retail investors and were willing to take significant dilution vs doing a proper IPO. A bunch of companies with poor economics or differentiation did it to get out before their chickens came home to roost (OpenDoor, SoFi)
- cinntaile 3y agoDidn't he invest tons of his own money in this or was that a different nuclear startup? If he believes in nuclear that much, why not just help fund a plant with a proven design? It's much easier and it will help reduce the costs of future plans that use the same design.
- atomicalchemy 3y agoThe Aurora is based on a reactor design that operated for 30 years. The tech is proven.
- deleted 3y ago[deleted]