Oklo shares drop 6% after wider Q1 loss amid increased spending on nuclear projects.

Oklo reported a first-quarter net loss of $33.1 million, nearly double last year's $17.9 million loss, due to higher spending on its Aurora powerhouse and infrastructure development. Despite no revenue as the company is still pre-revenue, Oklo's cash reserves grew to $2.5 billion after raising $1.2 billion through equity offerings. Progress continues on multiple projects, including construction and regulatory reviews, and partnerships with NVIDIA and Battelle to integrate AI into reactor design. The wider loss reflects heavy investment in advancing its nuclear technology pipeline, signaling long-term growth potential.