Nuclear power
Nuclear power exposure is tied to the search for reliable, carbon-light baseload power for data centers and broader electrification. The segment includes existing plant owners, uranium/fuel-cycle exposure, and newer reactor developers.
This segment covers real-economy businesses where orders, capacity, commodity prices, and capital spending cycles matter. Reported holdings can look old-economy on the surface while still expressing a view on electrification, reshoring, infrastructure, defense, or AI-related power demand.
The useful split is between volume cycle, pricing power, asset scarcity, and equipment replacement. A fund adding to the tag may be making a macro call, a bottleneck call, or a company-specific operating leverage call.
- Regulated and merchant nuclear generation
- Uranium and fuel-cycle supply
- Small modular reactor development
- Power purchase agreements with large load customers
- Restart and life-extension approvals
- PPA pricing and duration
- Uranium/fuel availability
- Whether SMR projects move from narrative to financed deployment
Situational Awareness LP
Leopold Aschenbrenner · Q4 2025 filed 2026-02-11
Existing fission generation and the next-gen nuclear plays specifically positioned for AI-load growth.
| Ticker | Name | Value | Instrument |
|---|
| Ticker | Action | Value |
|---|---|---|
| VST | Closed | -$252M |