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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table provides information about disaggregated revenue for the three months ended March 31, 2024 and 2023 (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Revenue by Contract Type |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost reimbursable |  |  |  |  |  |  |  |  | $ | 42,040 |  |  | 58 | % |  | $ | — |  |  | — | %
Fixed price |  |  |  |  |  |  |  |  | 29,208 |  |  | 40 | % |  | 16,595 |  |  | 91 | %
Time and materials |  |  |  |  |  |  |  |  | 1,820 |  |  | 2 | % |  | 1,641 |  |  | 9 | %
Total |  |  |  |  |  |  |  |  | $ | 73,068 |  |  | 100 | % |  | $ | 18,236 |  |  | 100 | %
Contract with Customer, Contract Asset, Contract Liability, and Receivable | The following table presents contract assets as of March 31, 2024 and December 31, 2023 (in thousands):
| March 31, 2024 |  | December 31, 2023
Contract Assets |  |  |
Unbilled receivables | $ | 13,289 |  |  | $ | 6,146 |
Deferred contract costs | 6,557 |  |  | 343 |
Total | $ | 19,846 |  |  | $ | 6,489 |
The following table presents contract liabilities as of March 31, 2024 and December 31, 2023 (in thousands):
| March 31, 2024 |  | December 31, 2023
Contract liabilities – current |  |  |
Deferred revenue | $ | 19,184 |  |  | $ | 22,926 |
Contract loss provision | 7,760 |  |  | 9,567 |
Accrued launch costs | 1,785 |  |  | 13,018 |
Total contract liabilities – current | 28,729 |  |  | 45,511 |
Contract liabilities – long-term |  |  |
Contract loss provision | 3,610 |  |  | — |
Total contract liabilities – long-term | 3,610 |  |  | — |
Total contract liabilities | $ | 32,339 |  |  | $ | 45,511 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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