{"id":88200,"date":"2024-05-13T00:11:09","date_gmt":"2024-05-13T04:11:09","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88200"},"modified":"2024-05-13T00:15:02","modified_gmt":"2024-05-13T04:15:02","slug":"sam-altmans-nuclear-energy-company-oklo-plunges-54-in-nyse-debut","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2024\/sam-altmans-nuclear-energy-company-oklo-plunges-54-in-nyse-debut.html","title":{"rendered":"Sam Altman\u2019s nuclear energy company Oklo plunges 54% in NYSE debut"},"content":{"rendered":"\n<p>(CNBC) Sam Altman is now chairman of a public company. But it\u2019s not OpenAI. On Friday, advanced nuclear fission company&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/OKLO\/\">Oklo<\/a>&nbsp;started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a special purpose acquisition company (SPAC) called AltC Acquisition Corp., founded and led by Altman. Under the ticker symbol \u201c<a href=\"https:\/\/www.cnbc.com\/quotes\/OKLO\/\">OKLO<\/a>,\u201d shares plummeted 54% on Friday to $8.45, valuing the company at about $364 million. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/05\/10\/sam-altman-takes-nuclear-startup-oklo-public-to-power-ai-ambitions.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Sam Altman is now chairman of a public company. But it\u2019s not OpenAI. On Friday, advanced nuclear fission company&nbsp;Oklo&nbsp;started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88200","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88200"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88200\/revisions"}],"predecessor-version":[{"id":88207,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88200\/revisions\/88207"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}