$AltC Acquisition.US Let's talk about the logic behind this SPAC: a company backed by the father of AI, Sam Altman. The target company Oklo, which specializes in fourth-generation small reactors for nuclear waste recycling and power generation, has an analyst valuation of $800 million. If AI is the future, then soaring electricity demand is definitely a trend. If $Tesla(TSLA.US) represents smart driving + future energy, then this stock is the combination of future energy + AI, essentially Tesla's upstream.
With an $800 million valuation, ALCC's shares are roughly worth $18. Success could mean 10x or even 100x returns, while failure would trigger a $10 buyback.
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