Elon Musk Could Help Oklo's Stock Price Soar. Here's Why.
Elon Musk's comments could spark an arms race for new energy sources.
Overview
Recent comments from Elon Musk, the CEO of Space Exploration Technologies (NASDAQ: SPCX), may inadvertently help the stock price of Oklo (NYSE: OKLO), a nuclear energy developer that doesn't appear to have any direct connection to space or AI -- at least at first glance.
During SpaceX's first investor call on Aug. 11, Musk stressed to investors how much energy the company will need to scale its AI compute infrastructure.
Details
"[O]ur tentative target is to actually have 20 gigawatts at the power and cooling level online by the end of next year," Musk revealed. "Now I don't think we're going to achieve 20 gigawatts, but we want to have a series of projects that cumulatively come to 20 gigawatts by the end of next year. Some of them won't pan out exactly on time, but I would expect that we still probably have at the power plant level, something close to 15 gigawatts. So, assuming that maybe one-fourth of the projects take longer than expected."
Source
Originally published at www.fool.com.