“Waste” is stuff that’s worth less than what it costs to get rid of it. Spent nuclear fuel contains various elements that have *some* value, but not enough to justify separating them.
… Currently, but that could change. Kirk Sorensen explains:
> “So the upshot from all this would seem to be, let’s go and take the spent nuclear fuel and let’s go and burn up the [plutonium in it] and let’s make money selling the electricity from it.”
“Is Nuclear Waste Really Waste?” https://youtu.be/rv-mFSoZOkE?t=1455
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