SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Changes in Fair Value of Fair Valued Instruments |
The table below provides a summary of the changes in fair value of fair valued instruments using significant unobservable inputs between December 31, 2025, 2024 and 2023:
| | | | | | | | | | | | | | | | | | | | | | | Embedded
Derivatives | | | | | | | | Earnout
Liability | | Balance as of December 31, 2023 | | $ | — | | | | | | | | | $ | 5,824 | | | Fair value on issuance of convertible notes | | 3,110 | | | | | | | | | — | | | Accretion of liability recognized as interest expense | | — | | | | | | | | | 248 | | | Payment of earnout liability | | — | | | | | | | | | — | | | Change in fair value | | (387) | | | | | | | | | (5,659) | | | Balance as of December 31, 2024 | | $ | 2,723 | | | | | | | | | $ | 413 | | | Fair Value of Earnout Liability upon acquisition | | — | | | | | | | | | 9,190 | | | Accretion of liability recognized as interest expense | | 44 | | | | | | | | | 247 | | | Extinguishment of Convertible Notes and embedded derivatives | | (2,767) | | | | | | | | | — | | | Balance as of December 31, 2025 | | $ | — | | | | | | | | | $ | 9,850 | |
|
| Schedule of Property and Equipment |
Expected useful lives for property and equipment are reviewed at least annually. Estimated useful lives are as follows: | | | | | | | | | | Asset Class | | Estimated useful life | | Equipment in orbit | | 5 years - 10 years | | Machinery and equipment | | 5 years - 30 years | | Building | | 10 years - 30 years | | Leasehold improvements | | Lesser of lease term or useful life | | IT related equipment | | 2 years - 5 years |
| | | | | | | | | | | | | December 31, | | 2025 | | 2024 | Equipment in orbit | $ | 19,533 | | | $ | 19,533 | | Machinery and equipment | 13,183 | | | 4,860 | | Leasehold improvements | 3,187 | | | 2,276 | | Construction in progress | 143,869 | | | 37,251 | | Building | 906 | | | — | | IT related equipment | 3,832 | | | 2,441 | | Property and equipment, gross | 184,510 | | | 66,361 | | Less: Accumulated depreciation | (20,224) | | | (16,922) | | Property and equipment, net | $ | 164,286 | | | $ | 49,439 | |
|
| Schedule of Intangible Assets, Net |
| | | | | | | | | | | | | | | | Asset Class | | Estimated useful life | | Trade name | | 2 years - 20 years | | Patents | | 5 years | | Customer relationships | | 4 years - 11 years | | Developed technology | | 5 years - 20 years |
Intangible assets, net consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Life | | December 31, 2025 | | December 31, 2024 | | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Trade name | 9 years | | $ | 10,372 | | | $ | (3,341) | | | $ | 7,031 | | | $ | 6,288 | | | $ | (3,120) | | | $ | 3,168 | | | Customer relationships | 7 years | | 57,820 | | | (16,713) | | | 41,107 | | | 35,176 | | | (14,385) | | | 20,791 | | | Developed technology | 11 years | | 58,742 | | | (8,143) | | | 50,599 | | | 16,750 | | | (6,025) | | | 10,725 | | | Patents | 6 years | | 263 | | | (18) | | | 245 | | | $ | — | | | — | | | — | | | Total intangible assets, net | 9 years | | $ | 127,197 | | | $ | (28,215) | | | $ | 98,982 | | | $ | 58,214 | | | $ | (23,530) | | | $ | 34,684 | |
|