18. SUBSEQUENT EVENTS

In July 2025, the Company entered into an underwriting agreement with J.P. Morgan Securities LLC, providing for the offer and sale of 14,165,708 shares of the Company's common stock, par value $0.0001 per share, at a price of $55.49 per share, 3,855,557 pre-funded warrants to purchase an aggregate of 3,855,557 shares of common stock at a price to the public of $55.49 less the pre-funded warrant exercise price, and 36,042,530 Series A warrants to purchase 36,042,530 shares of the Company's common stock at no additional consideration. The offering closed on July 9, 2025, for aggregate proceeds of $980.0 million, net of certain issuance costs.

On July 11, 2025, the Company completed the acquisition of Capella Space Corporation, an American space technology company with synthetic aperture radar and satellite solutions for government and commercial applications, for 7,401,396 shares of common stock, subject to customary post-closing adjustments. Due to the limited time between the acquisition date and the Company's filing of this Quarterly Report on Form 10-Q, the initial accounting for the business combination is incomplete and the Company is not yet able to disclose the preliminary amounts to be recognized as of the acquisition date for assets acquired and liabilities assumed.