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PROPERTY, PLANT AND EQUIPMENT, NET | 6 Months Ended
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Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT, NET | PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net, as of June 30, 2025 and December 31, 2024 consisted of the following:
| June 30, 2025 |  | December 31, 2024
Buildings and improvements | $ | 70,870 |  |  | $ | 68,631 |
Machinery, equipment, vehicles and office furniture | 150,070 |  |  | 127,577 |
Computer equipment, hardware and software | 18,345 |  |  | 16,204 |
Launch site assets | 22,635 |  |  | 20,726 |
Construction in process | 66,538 |  |  | 27,285 |
Property, plant and equipment—gross | 328,458 |  |  | 260,423 |
Less accumulated depreciation and amortization | (78,688) |  |  | (65,585) |
Property, plant and equipment—net | $ | 249,770 |  |  | $ | 194,838 |
Depreciation expense recorded in the condensed consolidated statements of operations and comprehensive loss during the three and six months ended June 30, 2025 and 2024 consisted of the following:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Depreciation expense |  | 2025 |  | 2024 |  | 2025 |  | 2024
Cost of revenues |  | $ | 3,062 |  |  | $ | 2,917 |  |  | $ | 6,123 |  |  | $ | 5,666 |
Research and development, net |  | 1,935 |  |  | 1,040 |  |  | 3,674 |  |  | 2,432 |
Selling, general and administrative |  | 761 |  |  | 679 |  |  | 1,526 |  |  | 1,303 |
Total depreciation expense |  | $ | 5,758 |  |  | $ | 4,636 |  |  | $ | 11,323 |  |  | $ | 9,401 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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