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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Loss from continuing operations before income taxes, classified by source of income, were as follows:

		Year Ended December 31,
(in thousands)		2025				2024				2023
Domestic		$	(177,668	)		$	(287,596	)		$	(100,432	)
Foreign			(3,927	)			(1,619	)			(633	)
Total		$	(181,595	)		$	(289,215	)		$	(101,065	)

Schedule of Loss from Continuing Operations Before Income Taxes

The components of the provision/(benefit) for income taxes were as follows:

		Year Ended December 31,
(in thousands)		2025				2024				2023
Current:
Federal		$	—			$	—			$	—
State			—				—				—
Foreign			—				—				—
Total current provision/(benefit)			—				—				—
Deferred:
Federal			970				(79	)			650
State			—				—				—
Foreign			—				—				—
Total deferred provision/(benefit)			970				(79	)			650
Total provision/(benefit) for income taxes		$	970			$	(79	)		$	650

Schedule of Reconciliation Between Income Taxes Computed at the U.S. Statutory Income Tax Rate and Provision for Income Taxes

The effective tax rate differs from the statutory tax rates as follows:

		Year Ended December 31,
(in thousands)		2025								2024								2023
Tax at statutory federal rate		$	(38,135	)			21.0	%		$	(60,735	)			21.0	%		$	(21,224	)			21.0	%
Change in valuation allowance			50,902				(28.0	)%			57,600				(19.9	)%			48,679				(48.1	)%
Effect of foreign tax laws			840				(0.5	)%			340				(0.1	)%			133				(0.1	)%
Nontaxable or nondeductible   items:
Warrant expense			(12,966	)			7.1	%			15,038				(5.2	)%			(6,920	)			6.8	%
Other nontaxable or   nondeductible items			1,294				(0.7	)%			(4,456	)			1.5	%			1,228				(1.2	)%
Tax credits			—				—	%			(7,865	)			2.7	%			(22,329	)			22.1	%
Other			(965	)			0.6	%			(1	)			—	%			1,083				(1.1	)%
Provision/(benefit) for   income taxes		$	970				(0.5	)%		$	(79	)			(0.0	)%		$	650				(0.6	)%

Schedule of Deferred Tax Assets and (Liabilities)

The components of the deferred income tax assets and liabilities were as follows:

		Year Ended December 31,
(in thousands)		2025				2024
Deferred tax assets:
Net operating losses and tax credit carryforwards		$	221,638			$	159,954
Equity-based compensation			2,795				2,618
Start-up expenses			8,522				9,275
Deferred revenue			1,275				1,391
Lease liabilities			14,126				10,318
Capital loss carryforward			8,448				6,772
Debt transactions			5,348				5,028
Other			599				357
Gross deferred tax assets			262,751				195,713
Less valuation allowance			(214,552	)			(155,519	)
Total deferred tax assets (after valuation allowance)			48,199				40,194
Deferred tax liabilities:
Property, plant, and equipment			(34,868	)			(29,576	)
Right-of-use assets			(13,567	)			(9,989	)
Other accruals			(1,305	)			(1,200	)
Total deferred tax liabilities			(49,740	)			(40,765	)
Net deferred tax liabilities		$	(1,541	)		$	(571	)

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Topic 740
-SubTopic 10
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-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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