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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

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)			December 31, 2024						December 31, 2023
Computer equipment			$	10					$	10
Leasehold improvements			2,391						2,394
Machinery and equipment			2,839						3,411
Property, machinery and equipment, gross			5,240						5,815
Less: accumulated depreciation			(3,058)						(2,563)
Property, machinery and equipment, net			$	2,182					$	3,252

Schedule of Disaggregation of Revenue

The disaggregation of revenue by type is as follows:

									Year Ended December 31,
(in thousands)															2024						2023
Transportation services															$	—					$	1,582
Hosted payload services															—						568
Forfeited customer deposits															307						641
Engineering project services															1,807						298
Total revenue															$	2,114					$	3,089

Schedule of Changes in Fair Value of Liabilities

The change in fair values of liabilities subject to recurring remeasurement were as follows:

(in thousands)						Warrant Liability (Level 3)
Balance, December 31, 2023						$	3
Change in Fair Value						—
Balance, December 31, 2024						$	3

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