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PROPERTY, PLANT AND EQUIPMENT, NET (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2021 | Dec. 31, 2020
Rocket Lab USA, Inc. |  |
Schedule of Property Plant and Equipment, Net | Property, plant and equipment, net, as of June 30, 2021 and December 31, 2020 consisted of the following:
|  | June 30, 2021 |  |  | December 31, 2020 |
Buildings and improvements |  | $ | 23,305 |  |  | $ | 20,330 |
Machinery, equipment, vehicles and office furniture |  |  | 24,387 |  |  |  | 23,755 |
Computer equipment, hardware and software |  |  | 4,632 |  |  |  | 3,836 |
Launch site assets |  |  | 8,845 |  |  |  | 7,582 |
Construction in process |  |  | 9,133 |  |  |  | 10,177 |
Property, plant and equipment, gross |  |  | 70,302 |  |  |  | 65,680 |
Less accumulated depreciation and amortization |  |  | (19,082 | ) |  |  | (15,848 | )
Property, plant and equipment, net |  | $ | 51,220 |  |  | $ | 49,832 |
Depreciation expense recorded in the condensed consolidated statements of operations and comprehensive loss during the six months ended June 30, 2021 consisted of the following:
|  | Six-Months Ended June 30, |
Depreciation expense |  | 2021 |  |  | 2020 |
Cost of revenues. |  | $ | 1,977 |  |  | $ | 1,941 |
Research and development, net |  |  | 116 |  |  |  | 119 |
Selling, general and administrative |  |  | 1,462 |  |  |  | 938 |
Total depreciation expense |  |  | 3,555 |  |  |  | 2,998 |
| Property, plant and equipment, net, as of December 31 consisted of the following:
|  | 2020 |  |  | 2019 |
Buildings and improvements |  | $ | 20,330 |  |  | $ | 7,129 |
Machinery, equipment, vehicles and office furniture |  |  | 23,755 |  |  |  | 20,427 |
Computer equipment, hardware and software |  |  | 3,836 |  |  |  | 2,588 |
Launch site assets |  |  | 7,582 |  |  |  | 3,365 |
Construction in process |  |  | 10,177 |  |  |  | 11,732 |
Property, plant and equipment, gross |  |  | 65,680 |  |  |  | 45,241 |
Less accumulated depreciation and amortization |  |  | (15,848 | ) |  |  | (9,048 | )
Property, plant and equipment, net |  | $ | 49,832 |  |  | $ | 36,193 |
Depreciation expense recorded in the consolidated statements of operations and comprehensive loss during the years ended December 31 consisted of the following:
|  | 2020 |  |  | 2019 |
Cost of revenues |  | $ | 4,527 |  |  | $ | 3,310 |
Research and development, net |  |  | 416 |  |  |  | 190 |
Selling, general and administrative |  |  | 1,591 |  |  |  | 577 |
Total depreciation expense |  | $ | 6,534 |  |  | $ | 4,077 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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