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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 567,992 $ 74,292
Restricted cash 34,636 14,070
Loan commitment assets - related party 0 21,731
Accounts receivable, net 6,779 3,038
Inventory 59,026 32,826
Vendor deposits 11,756 17,419
Contract assets, current 13,972 13,096
Prepaid expenses 2,701 938
Grant receivable, net 11,028 2,283
Other current assets 590 219
Total current assets 708,480 179,912
Property, plant and equipment, net 114,415 45,660
Intangible assets, net 979 240
Goodwill 4,331 4,331
Operating lease right-of-use asset, net 20,420 2,909
Long-term restricted cash 21,938 15,000
Other assets, net 14,634 12,266
Total assets 885,197 260,318
Current liabilities:    
Accounts payable 99,915 16,723
Accrued expenses 25,794 22,032
Operating lease liability, current 1,960 1,879
Long-term debt, current 372 2,014
Contract liabilities, current 14,975 22,039
Other current liabilities 524 288
Total current liabilities 143,540 64,975
Long-term liabilities:    
Operating lease liability 19,182 1,628
Long-term debt 662,467 65,823
Notes payable - related party 150,427 249,059
Contract liabilities, long-term 2,506 4,310
Other liabilities 427 69
Total long-term liabilities 1,618,977 777,110
Total liabilities 1,762,517 842,085
COMMITMENTS AND CONTINGENCIES (NOTE 17)
SHAREHOLDERS' DEFICIT    
Common Stock, $0.0001 par value, 600,000,000 shares authorized, 337,132,374 and 221,791,205 shares outstanding at December 31, 2025 and 2024, respectively 32 23
Additional paid in capital 427,722 534,726
Accumulated deficit (2,535,819) (1,561,716)
Total shareholders' deficit (2,238,862) (1,070,463)
Total liabilities, preferred stock and shareholders' deficit 885,197 260,318
Series B Preferred Stock    
Long-term liabilities:    
SERIES B PREFERRED STOCK - related party (NOTE 3) 1,361,542 488,696
Nonrelated Party    
Long-term liabilities:    
Warrants liability 313,253 189,591
SHAREHOLDERS' DEFICIT    
Accumulated other comprehensive income (loss) 10 (6)
Related Party    
Current liabilities:    
Accounts payable 285  
Long-term liabilities:    
Warrants liability 470,715 266,630
SHAREHOLDERS' DEFICIT    
Accumulated other comprehensive income (loss) $ (130,807) $ (43,490)