Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following at December 31, 2022 and December 31, 2021 (in thousands):


	As of December 31,
	2022			2021
Land	$	1,350		$	1,350
Buildings		10,268			-
Computers, software, and equipment		3,153			2,810
Leasehold improvements		8,197			6,416
Satellite antennas		5,142			2,996
Lab, assembly, and integration equipment		13,657			10,301
Others (1)		1,707			1,345
Property and equipment, gross	$	43,474		$	25,218
Accumulated depreciation		(6,979	)		(3,592	)
Construction in progress
BB satellite materials		10,721			-
Other (2)		6,696			6,701
Property and equipment, net	$	53,912		$	28,327

BlueWalker 3 satellite - construction in progress	$	92,077		$	67,615
Total property and equipment, net	$	145,989		$	95,942

(1)

Includes vehicles, furniture and fixtures, and a phased array test facility.

(2)

Includes costs incurred for acquiring and constructing assembly and testing facilities, assembly and test equipment and ground infrastructure equipment not yet placed in service.

Depreciation expense for the years ended December 31, 2022 and 2021 was approximately $4.6 million and $2.7 million, respectively.