PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property, plant and equipment, NET

Property, plant and equipment, net, as of June 30, 2024 and December 31, 2023 consisted of the following:


	June 30, 2024			December 31, 2023
Buildings and improvements	$	63,434		$	59,730
Machinery, equipment, vehicles and office furniture		93,617			82,973
Computer equipment, hardware and software		13,961			11,624
Launch site assets		14,477			14,193
Construction in process		27,871			25,999
Property, plant and equipment—gross		213,360			194,519
Less accumulated depreciation and amortization		(57,466	)		(49,110	)
Property, plant and equipment—net	$	155,894		$	145,409

Depreciation expense recorded in the condensed consolidated statements of operations and comprehensive loss during the three and six months ended June 30, 2024 and 2023 consisted of the following:


	Three Months Ended June 30,				Six Months Ended June 30,
Depreciation expense	2024		2023		2024		2023
Cost of revenues	$	2,917	$	1,938	$	5,666	$	4,290
Research and development		1,040		1,026		2,432		1,844
Selling, general and administrative		679		393		1,303		781
Total depreciation expense	$	4,636	$	3,357	$	9,401	$	6,915