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Property and Equipment
9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment
5. PROPERTY AND EQUIPMENT

Property and equipment consists of the following (in thousands): 

As of:
September 30,
2023
December 31,
2022
Globalstar System:  
Space component$1,230,433 $1,246,343 
Ground component98,966 102,567 
Construction in progress:  
Space component213,414 110,068 
Ground component12,718 5,316 
Other11,233 9,167 
Total Globalstar System1,566,764 1,473,461 
Internally developed and purchased software23,324 22,509 
Equipment10,630 8,042 
Land and buildings2,601 1,681 
Leasehold improvements2,083 2,083 
Total property and equipment1,605,402 1,507,776 
Accumulated depreciation(992,491)(947,405)
Total property and equipment, net$612,911 $560,371 

In 2022, the Company entered into an agreement with MDA for the purchase of new satellites that will replenish the Company's HIBLEO-4 U.S.-licensed system. This agreement had an initial contract price of $327 million, of which $182.5 million had been incurred as of September 30, 2023. The "space component" of construction in progress in the table above includes costs incurred under the MDA contract as well as associated personnel costs and capitalized interest. Accrued satellite construction costs on the Company's condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022 included $65.7 million and $36.1 million, respectively, of work completed, but not yet invoiced, under the satellite procurement agreement. As of September 30, 2023 and December 31, 2022, the Company also recorded $7.4 million and $11.5 million, respectively, as prepaid satellite construction costs for the first milestone payment made upon signing of the contract; these costs are recorded in Prepaid satellite costs and customer receivable on the Company's condensed consolidated balance sheets.