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Sam Altman-Backed Nuclear Developer Oklo to Go Public With SPAC

Altman and Michael Klein are co-founders of AltC SPAC that is merging with Oklo

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By Elizabeth Elkin

July 11, 2023 at 1:36 PM UTC

Updated on

July 11, 2023 at 3:36 PM UTC

This article is for subscribers only.

Oklo Inc., a developer of advanced nuclear systems backed by Sam Altman, plans to go public through a merger with his special-purpose acquisition company AltC Acquisition Corp.

The company would go public by combining with AltC Acquisition, a SPAC co-founded by Altman, the Chief Executive Officer of OpenAI, and former Citigroup banker Michael Klein, according to a release Tuesday. The transaction values California-based Oklo at about $850 million.