Matt Frankel

Nuclear is a very, very natural option.

The problem is, it takes forever.

There's a lot behind the scenes that goes on with building big nuclear plants.

They're trying to build smaller nuclear plants to be more local to where these data centers and things like that are.

They're building a prototype right now.

It's called a small modular reactor.

The first revenue is a couple of years away.

The first profit isn't expected until 2030.

They might not even have enough revenue on their balance sheet to get there.

They have a little over half a billion dollars in the bank.

It's estimated they're going to need like a billion to a billion and a half over the next five years.

in just cash burn.

But at the current valuation, they'll have no problem raising that.

It's about a $20 billion market cap.

This is really a lookout to 2050 stock.

It's not about what it's going to do in 2030 when it's generating its first dollar of profit.

It's a lookout to 2050 stock, where if they could figure out how to make these small reactors viable and profitable,

There's a massive opportunity here with the ever-expanding power needs of AI.

That's one that I think could turn into a really interesting business.

I think the $20 billion market cap, as you said, for all these, the valuation is a little bit stretched, to put it mildly.