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5th Small Modular Reactor Validated Since June, Poised For Mass Production

Zero Rss
5 hours 15 minutes ago
5th Small Modular Reactor Validated Since June, Poised For Mass Production

Another small nuclear reactor has achieved “criticality,” marking the fifth new reactor type to be certified as operationally viable in the United States since June, after none were certified for more than a half-century, as the nation’s “nuclear renaissance” quickly advances to commercial mass-production.

Santa Clara, California-based Oklo’s Groves Isotope Test Reactor reached criticality on Aug. 5 at the company’s plant in Lockhart, Texas, and will produce isotopes for medicine, advanced manufacturing, scientific research, space exploration, and national security needs.

Unlike massive cement-siloed, utility-scale reactors such as the Westinghouse AP1000, the Groves reactor is a circular 22.5-foot-diameter nuclear generator that can be shipped by truck or rail and planted in a 35-foot-deep reinforced concrete cavity, making it a distinct entry in an expanding range of small, portable reactors on the cusp of being retail ready.

As John Haughey details for The Epoch Times, Oklo is one of 10 companies selected by the Department of Energy (DOE) in August 2025 to develop 11 “first mover” innovations under a reactor pilot program authorized by President Donald Trump in four May 2025 “Nuclear Renaissance” executive orders that call for licensing 10 new reactors by 2030 and quadrupling the nation’s nuclear energy capacity by 2050.

The president’s executive orders included incentives for three prototypes to reach “criticality” by July 4 to commemorate the 250th anniversary of the nation’s founding. That goal was eclipsed when Aalo Atomics’ Aalo-X became the fourth small reactor to attain criticality on July 4 after Antares Nuclear’s Mark-0 on June 4 became the first new reactor type in the United States to achieve the status since 1973.

With Oklo’s Groves reactor becoming the fifth to reach criticality in the last two months, Trump’s five-year goal for 10 small reactor types to be validated is already halfway accomplished. Energy Secretary Chris Wright said as many as seven would achieve criticality by year’s end.

The Groves reactor is one of two Oklo reactor developments that qualified for the pilot program. The company is also building a 75 megawatt reactor to anchor its Aurora Powerhouse Project at Idaho National Laboratory’s Materials and Fuels Complex, a prototype the company anticipates will be ready for “commercial operations” by 2028.

The Groves reactor is also one of two that attained viability in a privately owned plant rather than on the 890-square-mile Idaho National Lab near Idaho Falls.

“Thanks to President Trump’s precedent-setting directive to create the Reactor Pilot Program, Oklo’s Groves Isotope Test Reactor is part of the revival of America’s nuclear energy industry,” Assistant Secretary for Nuclear Energy Ted Garrish said in a statement. “We applaud the work of the Oklo, DOE, and Idaho National Laboratory staff who helped achieve this milestone.”

United States Energy Secretary Chris Wright speaks with Kiewit Construction Site Manager Marvin Robb (L) and Atlas Engineering Project Manager Hillary Hack during a June 25 tour of Oklo’s Aurora Powerhouse Project at Idaho National Laboratory. John Haughey/The Epoch Times

Built in a Year

During a tour of Idaho National Laboratory in late June, Oklo Co-Founder and CEO Jacob DeWitte said the company’s Groves reactor in Texas would soon reach criticality despite being built from scratch in less than a year.

The company began building the open, water-cooled reactor designed to supply domestic radioisotopes for medical imaging, cancer treatments, and national defense in September 2025, he said, and received DOE’s “substantial completion” certification in April, clearing it for criticality.

“It’s dang impressive that we hit substantial completion in 227 days, and that we'll be able to turn that reactor on in critical in less than a year,” he said. “We’re just waiting on the green light to take fuel, load it, and turn it on.”

That green light came late on Aug. 5.

“Reaching criticality in less than a year is an incredible milestone for our team,” DeWitte said in an Aug. 6 statement. “Oklo developed Groves from a greenfield site on private land, completed full-scale civil excavation and construction, manufactured or commercially procured all components, including fuel, and developed its operating programs in-house.

“Taken together,” he added, “we believe these accomplishments establish a new benchmark for the Reactor Pilot Program and set the stage for the future of advanced nuclear deployment at scale.”

The nation—the world—is poised to see “advanced nuclear deployment at scale” with the Nuclear Regulatory Commission expected this fall to adopt Part 57, a micro-reactor regulatory framework that trims license reviews from often more than a decade to between six and 12 months.

Under Part 57, when the commission issues a license for a prototype reactor, the developer doesn’t need further approvals to mass produce it. Public comment on the rule closed July 15. Commissioners are expected to debate and adopt a final rule no later than early 2027.

“Ordering one [reactor] is cool, but ordering 10 is a lot better,” DeWitte said in Idaho. “There’s a future for that, for sure.”

Oklo is engaged in multiple nuclear energy projects in addition to its Groves reactor and Aurora Powerhouse, including a fuel fabrication plant prototype to recycle fuels from Idaho National Lab’s Experimental Breeder Reactor-II, idle since 1994; a co-partnership with Nvidia in a fuel project at Los Alamos National Laboratory in New Mexico; and its September 2025 contract with hyperscaler Meta to power a 200-acre data center campus in Pike County, Ohio, with a small reactor by the early 2030s.

Tyler Durden Fri, 08/07/2026 - 13:00
Tyler Durden

More than a decade after 43 students vanished in Mexico, ex-governor arrested, accused of cover-up

NY Post
5 hours 27 minutes ago
Federal prosecutors said Thursday that they arrested Ángel Aguirre, Guerrero’s former governor, on accusations of “concealing evidence to determine the whereabouts of the students” of the Ayotzinapa Rural Teachers’ College.
Associated Press

It’s your last chance to shop Nordstrom Anniversary Sale shoes deals starting at $50

NY Post
5 hours 32 minutes ago
Step into style, strut into savings!
Nishka Dhawan

Emmy Rossum Reveals If She’d Be Interested In A ‘Shameless’ Reboot: “I’ve Seen These Fan-Made Posters”

NY Post
5 hours 40 minutes ago
Emmy Rossum, don't give Shameless fans any more false hope!
mliss1578

‘My Life with the Walter Boys’ Soundtrack: Full List of Songs Featured In Season 3

NY Post
5 hours 45 minutes ago
This season, My Life with the Walter Boys' soundtrack will have you feeling all the feels.
mliss1578

Norway calls for FIFA president Gianni Infantino’s resignation after failed $20 billion coup

NY Post
5 hours 46 minutes ago
The outcry against Fifa president Gianni Infantino keeps growing louder and louder.
Jared Schwartz

Autism providers support Trump admin crackdown after millions allegedly stolen through Medicaid fraud

NY Post
5 hours 48 minutes ago
The group argues that every dollar allegedly stolen by fraudsters should have been used to help a child with autism learn to communicate, gain independence and receive the care they need.
Fox News

Staring contest on NYC train leads to rider getting shoved onto subway tracks

NY Post
5 hours 48 minutes ago
A staring contest on an E train erupted in violence Friday when one of the men involved shoved the other onto Manhattan subway tracks, cops said.
Joe Marino, Haley Brown

Heartbreaking reason Gann Fire victim refused to flee deadly flames revealed by neighbors

NY Post
5 hours 49 minutes ago
The woman found dead in Calaveras County after the Gann Fire ripped through her home stayed through evacuation orders because she couldn't evacuate her dogs.
Ross O'Keefe

Where Antonio Banderas and Melanie Griffith stand more than a decade after divorce

NY Post
5 hours 52 minutes ago
The former couple were married for nearly 20 years before going their separate ways.
mliss1578

Where Antonio Banderas and Melanie Griffith stand more than a decade after divorce

NY Post
5 hours 52 minutes ago
The former couple were married for nearly 20 years before going their separate ways.
Jolie Zenna

Sweetgreen falls 10% as latest victim of cyclospora fears, removes jalapeños over second outbreak

NY Post
5 hours 55 minutes ago
For the second quarter ending June 28, Sweetgreen’s same-store sales fell 6.2% – its sixth straight decline.
Taylor Herzlich

Meet The Investors In SpaceX Who Say Their Shares "Disappeared"

Zero Rss
5 hours 55 minutes ago
Meet The Investors In SpaceX Who Say Their Shares "Disappeared"

Some investors who thought they had secured one of Wall Street's hottest trades, owning SpaceX before its blockbuster IPO, say the shares they expected to cash in on simply disappeared, according to the Wall Street Journal.

The controversy centers on special purpose vehicles (SPVs), investment funds that promise accredited investors exposure to private companies before they go public. After SpaceX's June IPO, several investors who bought into SPVs managed by Late Stage Management say they were stunned to learn the underlying SpaceX shares had allegedly been sold years earlier, leaving them without the windfall they believed they still owned.

The Journal writes that one of those investors, Virginia data engineer Ram Rupireddy, invested $17,250 in a Late Stage fund in 2020 after being told it offered exposure to SpaceX. Based on statements in his investor portal and 2025 tax documents, he believed he still owned the equivalent of 2,500 SpaceX shares when the company debuted publicly. At the IPO price, he estimated the position would have been worth more than $300,000. Instead, the firm later informed him the underlying shares had been sold in 2024, leaving him with roughly $45,450.

"The plan was to fund college education for both of my kids," Rupireddy said after filing a complaint with the Securities and Exchange Commission. He says he never received notice that his investment had been sold, and only discovered the change after temporarily losing access to Late Stage's investor portal, which later showed the position had been liquidated.

Another investor, who asked not to be identified, told The Wall Street Journal he experienced the same surprise. He said he believed he still owned pre IPO SpaceX exposure until after the company's public debut, when he was informed the underlying shares had already been sold years earlier. Like Rupireddy, he has since joined other investors seeking legal remedies, and told the newspaper an SEC attorney and an FBI special agent contacted him to discuss his experience.

According to The Wall Street Journal, at least four investors reported similar experiences, while roughly 150 Late Stage investors have joined a group chat to discuss potential legal action. One investor told the newspaper that an SEC attorney and an FBI agent contacted him about his experience. The SEC declined to comment on whether it is investigating the matter, and the FBI also declined comment.

Late Stage Management did not respond to repeated requests for comment. The firm is already facing separate legal scrutiny after three former sales executives pleaded guilty earlier this year to fraud charges involving hidden markups and fees, though prosecutors said those cases were unrelated to the disputed SpaceX shares.

The episode is also drawing fresh attention to the risks of SPVs, which often provide indirect "exposure" to private companies through multiple layers of investment vehicles rather than direct ownership of shares. As Davis Polk partner Jared Fine told the Journal, "Ultimately if you're investing, you want to make sure you own what you think you own."

Tyler Durden Fri, 08/07/2026 - 12:20
Tyler Durden

Surgical team clings to patient while earthquake rocks Japan

NY Post
5 hours 57 minutes ago
In chilling video captured by hospital cameras, surgeons rush to patient’s side while operating. The room becomes shambles, but the medical staff appear to remain calm and prepared. The team refuses to leave the patient’s side, highlighting their preparedness for earthquake scenarios.
New York Post Video

Hackers use simple phone trick to hold Wall Street giants hostage in ransom plot: report

NY Post
6 hours ago
Cybercriminals are targeting major Wall Street firms like Blackstone and KKR, using simple IT help desk phone scams to steal passwords and demand massive ransoms.
James Franey

Why Betnijah Laney-Hamilton will be cherished in Liberty lore — and why abrupt exit happened now

NY Post
6 hours ago
Betnijah Laney-Hamilton didn't get the standing ovation she deserved.
Madeline Kenney

Rockstar Founder Builds $300M Celsius Stake, Launches Activist Offense: Management "All Need To Be Fired"

Zero Rss
6 hours ago
Rockstar Founder Builds $300M Celsius Stake, Launches Activist Offense: Management "All Need To Be Fired"

Summary:

  • CELH shares Jump on CNBC Headline 
  • Rockstar Founder Amasses 5.7% CELH stake, Tells CNBC He Wants To Be CEO
  • Thursday: Celsius Shares Crash As Revenue Misses Estimates
Rockstar Founder Begins Activist Move 

One day after Celsius Holdings crashed 18% following a dismal second-quarter earnings report, Rockstar Energy founder Russ Savage told CNBC that he has amassed a 4.7% stake, equivalent to more than 12 million shares, and wants to gut incompetent management and install himself as CEO in a bid to turn around the struggling beverage company.

Here's more from CNBC:

Savage's stake amounts to roughly 4.7% of the company and would be worth about $300 million at current stock levels.

While Savage has been quietly advising Celsius to change its cost structure and marketing strategy for over a year, he now says new leadership is needed.

"The CEO, the COO, the brand manager and the marketing manager all need to be fired," Savage told CNBC.

. . .

Savage, who was born Russell Weiner and started Rockstar with a $50,000 mortgage against his California condo, said he offered advice to Celsius over a year ago, but was largely ignored. He said Celsius has too many layers of management, with too many costs, and no real accountability.

"They need one person making the decisions, paying attention to every detail, not a group of people in a firing squad," he said.

. . .

"Once you lose shelf space, you're dead," he said. "The chains will give it to Red Bull or Monster."

Savage said he's offering to take over as CEO before the problems become too deep to fix. When building Rockstar, he said he managed every detail -- from sales and marketing to sponsorships, packaging, distribution and innovation. He said the same type of cost-conscious, driven leader is needed at Celsius.

"I'm publicly volunteering to do it," he said. "The CEO has lost credibility with the investment community."

The CNBC headline catapulted the stock 12% higher by late morning in New York. Shares have yet to recover all of yesterday's losses following the dismal earnings report. More details can be viewed below.

Latest short data from Bloomberg shows about 20% of the float is short. 

Squeeze candidate? 

Celsius Shares Crash As Revenue Misses Estimates 

Celsius Holdings, the Florida-based beverage company with a portfolio of some of America's top-performing energy drinks, reported weaker-than-expected second-quarter results, as revenue, adjusted earnings, and profitability missed Wall Street estimates.

Second-quarter adjusted earnings fell to 36 cents per share from 47 cents a year earlier, below the 41-cent Bloomberg Consensus estimate. Revenue increased 11% to $817.9 million but missed the $872.6 million estimate, with North American sales of $790.7 million also falling short.

Profitability deteriorated despite sales growth. Gross margin narrowed to 48.1% from 51.5% as promotional activity, channel mix, and aluminum inflation weighed on results. Net income fell 45% to $55.3 million, while adjusted earnings declined to 36 cents per share from 47 cents. Adjusted EBITDA dropped 12% to $184.2 million.

2Q Earnings Snapshot:

Adjusted EPS 36c vs. 47c y/y, estimate 41c (Bloomberg Consensus)

EPS 14c vs. 33c y/y, estimate 40c

Revenue $817.9 million, +11% y/y, estimate $872.6 million

  • North America revenue $790.7 million, +11% y/y, estimate $847.3 million
  • International revenue $27.2 million, +9.7% y/y

Gross margin 48.1% vs. 51.5% y/y, estimate 48.6%

Adjusted Ebitda $184.2 million, -12% y/y, estimate $198.4 million

Celsius shares plunged 16% in premarket trading. 

"During the second quarter of 2026, we made meaningful progress in advancing Celsius Holdings as a scaled portfolio of leading brands. We delivered a double-digit increase in second-quarter revenue, completed the Rockstar integration, and maintained gross margin near first-quarter levels despite a challenging commodity environment," CEO John Fieldly wrote in a press release.

Celsius Holdings' portfolio, which includes CELSIUS, Alani Nu, and the U.S. and Canadian Rockstar Energy business, accounts for about 20% of U.S. ready-to-drink energy sales. PepsiCo serves as the company's primary distribution partner.

Notably, the national average price for regular 87-octane gasoline remained mostly above $4 per gallon in the quarter, a key threshold at which consumer behavior begins to shift through trade-downs and reduced discretionary purchases. Goldman Sachs analyst Bonnie Herzog previously flagged a slowdown in energy-drink demand beginning in mid-May. Read the full note here.

Tyler Durden Fri, 08/07/2026 - 12:15
Tyler Durden

Cleaner stunned to find 35-year-old Mars bar in hoarder’s home proving shrinkflation is real 

NY Post
6 hours ago
It's an ancient Mars-ian artifact.
Ben Cost

Believe it: Le Labo is on sale at Nordstrom for nearly $60 off

NY Post
6 hours 6 minutes ago
It of course includes Santal 33, which has been linked to everyone from Justin Bieber to Alexa Chung.
mliss1578

Believe it: Le Labo is on sale at Nordstrom for nearly $60 off

NY Post
6 hours 6 minutes ago
It of course includes Santal 33, which has been linked to everyone from Justin Bieber to Alexa Chung.
Hannah Southwick

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