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Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

 

 

 

As of

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Land

 

$

1,350

 

 

$

1,350

 

Buildings

 

 

16,440

 

 

 

16,012

 

Leasehold improvements

 

 

9,533

 

 

 

9,439

 

Satellite in orbit

 

 

235,387

 

 

 

235,340

 

Lab, assembly, and integration equipment

 

 

47,339

 

 

 

41,693

 

Satellite antenna

 

 

7,224

 

 

 

7,224

 

Computer hardware and software

 

 

18,607

 

 

 

18,244

 

Other

 

 

1,419

 

 

 

1,421

 

Construction in progress

 

 

 

 

 

 

Satellite materials and advance payments, satellites under construction, and advance launch payments

 

 

226,036

 

 

 

120,984

 

Other construction in progress and capital advances

 

 

20,792

 

 

 

8,328

 

Total property and equipment, gross

 

$

584,127

 

 

$

460,035

 

Accumulated depreciation and amortization

 

 

(133,305

)

 

 

(122,366

)

Total property and equipment, net

 

$

450,822

 

 

$

337,669