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NET LOSS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2026
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders | Basic and diluted net loss per share attributable to common stockholders are calculated as follows (in thousands, except share and per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Net loss | $ | (1,034,851) |  |  | $ | (539,432) |  |  | $ | (2,063,195) |  |  | $ | (905,603) |
Accretion of redeemable convertible preferred stock (related party) | (224,425) |  |  | (199,823) |  |  | (330,387) |  |  | (564,748) |
Net loss attributable to common stockholders, basic | $ | (1,259,276) |  |  | $ | (739,255) |  |  | $ | (2,393,582) |  |  | $ | (1,470,351) |
Interest expense on 2026 Notes | — |  |  | 309 |  |  | — |  |  | 4,283 |
Gain on extinguishment of debt | — |  |  | (116,360) |  |  | — |  |  | (116,360) |
Net loss attributable to common stockholders, diluted | $ | (1,259,276) |  |  | $ | (855,306) |  |  | $ | (2,393,582) |  |  | $ | (1,582,428) |
Weighted-average shares outstanding, basic | 382,098,609 |  |  | 305,640,483 |  |  | 355,340,787 |  |  | 304,641,184 |
Dilutive effect of 2026 Notes, using if-converted method | — |  |  | 147,789 |  |  | — |  |  | 1,029,624 |
Weighted-average shares outstanding, diluted | 382,098,609 |  |  | 305,788,272 |  |  | 355,340,787 |  |  | 305,670,808 |
Net loss per share: |  |  |  |  |  |  |
Basic | $ | (3.30) |  |  | $ | (2.42) |  |  | $ | (6.74) |  |  | $ | (4.83) |
Diluted | $ | (3.30) |  |  | $ | (2.80) |  |  | $ | (6.74) |  |  | $ | (5.18) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect:
| June 30,
Excluded Securities | 2026 |  | 2025
Private Placement Warrants to purchase common stock | 4,435,000 |  |  | 4,435,000 |
Options outstanding to purchase common stock | 1,617,550 |  |  | 2,207,319 |
RSUs outstanding | 15,486,506 |  |  | 8,640,651 |
Employee stock purchase plan | 5,407,704 |  |  | 2,296,613 |
If-converted common shares from 2026 Notes | 372,950 |  |  | 1,752,521 |
If-converted common shares from 2030 Notes | 36,666,630 |  |  | 36,666,663 |
If-converted common shares from 2031 Notes | 46,846,313 |  |  | — |
If-converted common shares from Series A redeemable convertible preferred stock | 34,006,758 |  |  | 31,110,856 |
If-converted common shares from Series B redeemable convertible preferred stock | 20,239,798 |  |  | 18,516,244 |
If-converted common shares from Series C redeemable convertible preferred stock | 51,651,489 |  |  | — |
Total | 216,730,698 |  |  | 105,625,867 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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