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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2023
Accounting Policies [Abstract] |
Schedule of Property, Machinery and Equipment, Net | The estimated useful lives of fixed assets by asset category are described below:
Fixed Assets |  | Estimated Useful Life
Computer equipment |  | Three years
Furniture and fixtures |  | Five years
Leasehold improvements |  | Lesser of estimated useful life or remaining lease term (one year to seven years)
Machinery and equipment |  | Seven years
Property, machinery and equipment, net consisted of the following:
(in thousands) | June 30, 2023 |  | December 31, 2022
Computer equipment | $ | 10 |  |  | $ | 10 |
Leasehold improvements | 2,281 |  |  | 2,281 |
Machinery and equipment | 3,411 |  |  | 3,411 |
Construction in-progress | 50 |  |  | 106 |
Property, machinery and equipment, gross | 5,752 |  |  | 5,808 |
Less: accumulated depreciation | (2,147) |  |  | (1,792) |
Property, machinery and equipment, net | $ | 3,605 |  |  | $ | 4,016 |
Disaggregation of Revenue | The disaggregation of revenue by type is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Transportation services | $ | 1,305 |  |  | $ | 50 |  |  | $ | 1,305 |  |  | $ | 50 |
In-orbit services | 142 |  |  | — |  |  | 142 |  |  | — |
Revenue from forfeited customer deposits | 258 |  |  | — |  |  | 280 |  |  | — |
Total revenue | $ | 1,705 |  |  | $ | 50 |  |  | $ | 1,727 |  |  | $ | 50 |
Schedule of Changes in Fair Value of Liabilities | The change in fair values of liabilities subject to recurring remeasurement were as follows:
(in thousands) | Level |  | Fair value as of December 31, 2022 |  |  |  | Payment of Stock Repurchase Liability |  | Change in Fair Value |  |  |  | Fair value as of June 30, 2023
Warrant Liability | 3 |  | $ | 564 |  |  |  |  | $ | — |  |  | $ | (338) |  |  |  |  | $ | 226 |
Stock Repurchase Liability | 3 |  | 10,000 |  |  |  |  | (10,000) |  |  | — |  |  |  |  | — |
Total |  |  | $ | 10,564 |  |  |  |  | $ | (10,000) |  |  | $ | (338) |  |  |  |  | $ | 226 |
Schedule of Fair Value Inputs | Key assumptions for the Black-Scholes model used to determine the fair value of warrants outstanding as of June 30, 2023 were as follows:
Warrant term (years) | 3.12
Volatility | 98.90 | %
Risk-free rate | 4.42 | %
Dividend yield | 0.00 | %
The significant inputs into the Black-Scholes valuation model at February 23, 2023 (the initial recognition date) is as follows:
Warrant term (years) | 5.51
Volatility | 85.00 | %
Risk-free rate | 4.03 | %
Dividend yield | 0.00 | %

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