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SEGMENT REPORTING (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table summarizes the operating performance of the Company’s segments:
| Three Months Ended |  | Six Months Ended
| June 30, 2026 |  | June 30, 2025 |  | June 30, 2026 |  | June 30, 2025
Net Sales: |  |  |  |  |  |  |
Defense and Space Technologies | $ | 53,211 |  |  | $ | 46,064 |  |  | $ | 89,337 |  |  | $ | 81,537 |
Starlab Space Stations | — |  |  | — |  |  | — |  |  | — |
Total net sales, reportable segments | 53,211 |  |  | 46,064 |  |  | 89,337 |  |  | 81,537 |
Intersegment eliminations(1) | (465) |  |  | (390) |  |  | (1,345) |  |  | (1,356) |
Total net sales | $ | 52,746 |  |  | $ | 45,674 |  |  | $ | 87,992 |  |  | $ | 80,181 |
Other Segment Expenses(2): |  |  |  |  |  |  |
Defense and Space Technologies | $ | 63,196 |  |  | $ | 45,817 |  |  | $ | 110,307 |  |  | $ | 82,732 |
Starlab Space Stations | 6,624 |  |  | 1,969 |  |  | 12,044 |  |  | 4,783 |
Total other segment expenses, reportable segments | 69,820 |  |  | 47,786 |  |  | 122,351 |  |  | 87,515 |
Intersegment eliminations(1) | (465) |  |  | (390) |  |  | (1,345) |  |  | (1,356) |
Corporate and other expenses | 21,017 |  |  | 7,595 |  |  | 37,944 |  |  | 25,071 |
Total other segment expenses | $ | 90,372 |  |  | $ | 54,991 |  |  | $ | 158,950 |  |  | $ | 111,230 |
Adjusted EBITDA: |  |  |  |  |  |  |
Defense and Space Technologies | $ | (9,985) |  |  | $ | 498 |  |  | $ | (20,970) |  |  | $ | (568) |
Starlab Space Stations | (6,624) |  |  | (1,969) |  |  | (12,044) |  |  | (4,783) |
Total Adjusted EBITDA, reportable segments | (16,609) |  |  | (1,471) |  |  | (33,014) |  |  | (5,351) |
Intersegment eliminations | 126 |  |  | — |  |  | 127 |  |  | — |
Corporate and other expenses | (21,017) |  |  | (7,595) |  |  | (37,944) |  |  | (25,071) |
Depreciation and amortization | (7,170) |  |  | (2,708) |  |  | (13,203) |  |  | (5,310) |
Stock-based compensation | (3,762) |  |  | (11,547) |  |  | (7,891) |  |  | (13,270) |
Finance and interest expense, net | (1,905) |  |  | (2,523) |  |  | (4,019) |  |  | (5,252) |
Net loss attributable to noncontrolling interests | (2,256) |  |  | (1,683) |  |  | (4,217) |  |  | (2,674) |
Interest income | 3,279 |  |  | 2,429 |  |  | 7,098 |  |  | 3,513 |
Other(3) | (1,627) |  |  | (7,886) |  |  | (596) |  |  | (7,450) |
Loss before taxes | $ | (50,941) |  |  | $ | (32,984) |  |  | $ | (93,659) |  |  | $ | (60,865) |
__________________ (1)As a result of the Segment change during the first quarter of fiscal 2026, intersegment eliminations for comparative periods have been recast. (2)Other Segment Expenses consist of cost of sales, research and development, selling, general, and administrative and other income or expense items which are not deducted when calculating Adjusted EBITDA. (3)Other consists of acquisition costs, restructuring, impairment, and other income or expense items which are deducted when calculating Adjusted EBITDA. In prior period filings, ‘Interest income’ was grouped into this line item. During the third quarter of 2025, it was broken out due to materiality and prior periods have been recast to break out 'Interest income'. The Company’s total capital expenditures were as follows:
Three Months Ended June 30, 2026 | Defense and Space Technologies |  | Starlab Space Stations |  | Corporate |  | Total
Capital expenditures: |  |  |  |  |  |  |
Property and equipment | $ | 16,443 |  |  | $ | 18,760 |  |  | $ | 333 |  |  | $ | 35,536 |
Total capital expenditures | $ | 16,443 |  |  | $ | 18,760 |  |  | $ | 333 |  |  | $ | 35,536 |
Three Months Ended June 30, 2025 | Defense and Space Technologies |  | Starlab Space Stations |  | Corporate |  | Total
Capital expenditures: |  |  |  |  |  |  |
Property and equipment | $ | 662 |  |  | $ | 30,214 |  |  | $ | 18 |  |  | $ | 30,894 |
Total capital expenditures | $ | 662 |  |  | $ | 30,214 |  |  | $ | 18 |  |  | $ | 30,894 |
Six Months Ended June 30, 2026 | Defense and Space Technologies |  | Starlab Space Stations |  | Corporate |  | Total
Capital expenditures: |  |  |  |  |  |  |
Property and equipment | $ | 29,242 |  |  | $ | 56,588 |  |  | $ | 822 |  |  | $ | 86,652 |
Total capital expenditures | $ | 29,242 |  |  | $ | 56,588 |  |  | $ | 822 |  |  | $ | 86,652 |
Six Months Ended June 30, 2025 | Defense and Space Technologies |  | Starlab Space Stations |  | Corporate |  | Total
Capital expenditures: |  |  |  |  |  |  |
Property and equipment | $ | 1,704 |  |  | $ | 56,108 |  |  | $ | 53 |  |  | $ | 57,865 |
Total capital expenditures | $ | 1,704 |  |  | $ | 56,108 |  |  | $ | 53 |  |  | $ | 57,865 |

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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