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Oklo Reports First-Ever Revenue of $1.2 Million, Shares Surge Despite Wider Loss as Groves Reactor Achieves Criticality

Oklo Reports First-Ever Revenue of $1.2 Million, Shares Surge Despite Wider Loss as Groves Reactor Achieves Criticality

Advanced nuclear company Oklo Inc. reported its first quarterly revenue of $1.2 million for Q2 2026, significantly exceeding analyst expectations of approximately $84,000. Despite a wider-than-expected net loss of $48.5 million, shares rose nearly 15% following the announcement and news that its Groves test reactor in Texas achieved first criticality in under a year.

SpaceX and Tesla Unveil $16.8 Billion 'Terafab' AI Chip Factory in Texas, Poised to Become World's Largest Building

SpaceX and Tesla Unveil $16.8 Billion 'Terafab' AI Chip Factory in Texas, Poised to Become World's Largest Building

Elon Musk's SpaceX and Tesla have confirmed an initial $16.8 billion investment in 'Terafab,' an AI semiconductor plant in Grimes County, Texas. The 100-million-square-foot facility is projected to become the world's largest building, creating 3,000 jobs and producing chips for Optimus robots, Cybercabs, and orbital data centers. The project is finalized following public meetings and signed tax agreements.

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