Rolls-Royce Nuclear May Eventually Top £10 Billion, Analyst Says
It's a long-term and speculative forecast by analyst Ross Law, who currently estimates the value of the Rolls-Royce business at about £1 billion. Shares in the London-based company, best known for its commercial aircraft engines, rose to a record high on the news before retreating.
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Yahoo
5 minutes ago
- Yahoo
Why Is Oklo Stock Still Going Down?
Key Points Oklo won some important Department of Energy contracts on Wednesday. It was far from the only nuclear company picking up DOE contracts, however. Investors are probably extra nervous today, however, over the risk of interest rates remaining high. 10 stocks we like better than Oklo › Shares of Oklo (NYSE: OKLO), one of a handful of start-up nuclear power companies benefiting from President Trump's May 2025 initiative to accelerate development of small modular reactors, fell more than 1% Wednesday, and are down another 6.1% through 11:45 a.m. ET Thursday morning. -- apparently on no particularly bad news. Worse, Oklo actually got good news (but not great news) yesterday that probably should have moved the stock higher. Instead, Oklo keeps falling. So what's up with that? What's up with Oklo going down? Yesterday, Oklo won three Department of Energy (DOE) "Reactor Pilot Program" contracts aiming to start up three small modular reactors by July 4, 2026. At first, this sounded like great news -- except that eight other companies won the same kind of contract. Apparently, Oklo's not in quite as exclusive company as first seemed, and has a smaller chance of winning future work than initially seemed the case. Oklo stock, which started Wednesday up on the DOE news, ended the day down -- and yesterday's pessimism seems to be continuing into today. Adding to the malaise is a Bureau of Labor Statistics report today that suggests inflation is speeding up again, which lessens the likelihood the Federal Reserve will be able to lower interest rates this year. Is it time to sell Oklo stock? Why are higher interest rates bad news for Oklo? Well, they aren't actually -- not immediately. Oklo's burning more than $50 million in cash annually, and may eventually have to take on debt to fund its operations, at which point, interest rates will be an issue. With more than $500 million in the bank, however, and near-zero debt, interest rates aren't really a concern to Oklo... yet. And I see no immediate need to sell the stock on interest rate concerns alone. Should you buy stock in Oklo right now? Before you buy stock in Oklo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oklo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,113,059!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Is Oklo Stock Still Going Down? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
7 minutes ago
- Entrepreneur
James Dyson Created His 'Mad' Vacuum Idea While $1M in Debt
It took James Dyson five years of work and 5,127 failed prototypes to create the world's first bagless vacuum cleaner. In 1978, James Dyson had an idea for a bagless vacuum cleaner that maintained suction. He was frustrated with what was considered to be a top-of-the-line model, which he said frequently clogged and lost cleaning power as soon as it filled with dust. Dyson worked on his idea full-time, and after five years of work and 5,127 failed prototypes, he created the world's first bagless vacuum cleaner — the now-famous Dyson, which has since become a consumer electronics brand reaching sales of $9.6 billion in 2023. But those early years came at a cost: He was borrowing heavily from the bank to make ends meet and had accumulated over $1 million in debt. "Eventually, I owed over a million dollars, which for a penniless person in those days, going back 30 odd years, was a lot of money," Dyson, 78, told Entrepreneur in an interview. "I didn't have any money." Related: Emma Grede Dropped Out of School at 16. Now the Skims Boss Runs a $4 Billion Empire. But he also had "little to lose," he says, which is why he took a chance on his vacuum idea despite the financial pit. He lost his father at a young age and felt a keen sense of ownership and passion for what he was building and for his future. "I suppose I don't mind living on the edge," Dyson said. "I lost my father when I was nine years old. I had it built into me that my future was entirely down to me, and to do it on my own." "I wanted to do it," he added. James Dyson. Credit: Dyson Financial constraints made Dyson more creative because not having money taught him how to cope without it. For example, he couldn't hire salespeople, advertisers, or promoters, so he went out himself to sell the vacuum cleaner. "It took quite a long time," Dyson said. "Almost every businessperson I spoke to said that I was mad." Related: Nick Offerman's Side Hustle as an Actor Helps Fund the Business He Started 23 Years Ago — and Still Works at Every Day In 1993, Dyson set up his own shop and produced the first unit of the Dyson Dual Cyclone DC-01 vacuum cleaner at a price of $399. By 1998, Dyson had sold 1.4 million units of the vacuum globally, and by 2004, the DC-01 was cemented as a commercial success, outselling its nearest competitor in the U.K. by a ratio of five to one, per Industry Week. In recent years, Dyson's eponymous company has reached new heights. In 2023, with a broader product portfolio, including hair tools, lighting, fans, and headphones, Dyson's company achieved a record global revenue of £7.1 billion ($9.6 billion) and employed 6,500 workers. Revenue increased 9% from the previous year. Now, Dyson's net worth is reportedly around $15.3 billion, making him the third-wealthiest person in the U.K. He's received other honors, too, including a knighthood in 2006 for his services to business. Related: A Billionaire Founder Admits He Had 'Horrible Habits' — Then He Started a Morning Routine That 'Transformed' His Life Dyson has certainly paid off those early debts and says he celebrates the "little successes" just as much (or even more) than the big ones. He points to Dyson hand dryers as an example — the product isn't a "huge" business, like, say, the Dyson hair dryer, he says, but he still finds it "interesting." "You shouldn't do everything in life just to get big numbers, big successes," Dyson said. "Little successes are just as satisfying."
Washington Post
8 minutes ago
- Washington Post
Wrexham smashes its transfer record by signing Broadhead in a deal worth up to $13.5M
Wrexham's spending moved into a new stratosphere Thursday when the team owned by Hollywood celebrities signed winger Nathan Broadhead from Ipswich in a club-record deal that could reportedly reach 10 million pounds ($13.50 million). It took the Welsh club's outlay in the transfer market to more than 20 million pounds ($27 million) in this window as Wrexham reshapes its squad for life in the second-tier Championship following an unprecedented three straight promotions .
