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REVENUES (Tables)

6 Months Ended

Jun. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Reconciliation of Disaggregation of Revenue

The following table provides information about revenue by recognition model during the three and six months ended June 30, 2025 and 2024:

						Three Months Ended June 30,
						2025																		2024
Revenues by recognition model						Launch Services						Space Systems						Total						Launch Services						Space Systems						Total
Point-in-time						$	39,256					$	31,070					$	70,326					$	29,319					$	16,534					$	45,853
Over-time						7,390						66,782						74,172						38						60,360						60,398
Total revenue by recognition model						$	46,646					$	97,852					$	144,498					$	29,357					$	76,894					$	106,251

						Six Months Ended June 30,
						2025																		2024
Revenues by recognition model						Launch Services						Space Systems						Total						Launch Services						Space Systems						Total
Point-in-time						$	74,731					$	50,334					$	125,065					$	62,038					$	27,924					$	89,962
Over-time						7,507						134,495						142,002						38						109,018						109,056
Total revenue by recognition model						$	82,238					$	184,829					$	267,067					$	62,076					$	136,942					$	199,018

Schedule of Balances Related to Enforceable Contracts

The following table presents the balances related to enforceable contracts as of June 30, 2025 and December 31, 2024:

			June 30, 2025						December 31, 2024
Contract balances
Accounts receivable, net			$	61,783					$	36,440
Contract assets			51,922						63,108
Contract liabilities			(223,432)						(216,160)

Schedule of Changes in Contract Liabilities

Changes in contract liabilities for the three months ended June 30, 2025 were as follows:

Contract liabilities, at March 31, 2025			$	206,867
Customer advances received or billed, net			105,777
Recognition of unearned revenue			(89,212)
Contract liabilities, at June 30, 2025			$	223,432

Changes in contract liabilities for the six months ended June 30, 2025 were as follows:

Contract liabilities, at December 31, 2024			$	216,160
Customer advances received or billed, net			138,865
Recognition of unearned revenue			(131,593)
Contract liabilities, at June 30, 2025			$	223,432

Schedule of Concentration of Credit Risk and Significant Customers

As of June 30, 2025, the Company’s customers that accounted for 10% or more of the total accounts receivable, net, were as follows:

			June 30, 2025
Commercial customer			12		%
Dynetics, Inc.			11		%

For the six months ended June 30, 2025, the Company’s customer that accounted for 10% or more of the total revenue, was:

			Six Months Ended June 30, 2025
Government customer			27		%

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- Definition

Contract with customer asset and liability subject to change.

+ References

No definition available.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- Definition

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-18

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-20

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