
	Years Ended December 31,
	2025		2024		2023
Net Sales:
Defense and National Security	$	122,954	$	77,470	$	63,154
Space Solutions	47,583		74,593		76,771
Starlab Space Stations	—		—		—
Total Net Sales, reportable segments	170,537		152,063		139,925
Intersegment eliminations	(4,118)		(7,883)		(3,863)
Total Net Sales	$	166,419	$	144,180	$	136,062

Other Segment Expenses(1):
Defense and National Security	$	127,496	$	75,290	$	63,544
Space Solutions	48,369		71,873		71,994
Starlab Space Stations	18,724		14,065		(12,569)
Total Other Segment Expenses, reportable segments	194,589		161,228		122,969
Intersegment eliminations	(4,118)		(7,883)		(3,863)
Corporate and other expenses	45,887		20,886		15,535
Total Other Segment Expenses	$	236,358	$	174,231	$	134,641

Adjusted EBITDA:
Defense and National Security	$	(4,542)	$	2,180	$	(390)
Space Solutions	(786)		2,720		4,777
Starlab Space Stations	(18,724)		(14,065)		12,569
Total Adjusted EBITDA, reportable segments	(24,052)		(9,165)		16,956
Intersegment eliminations	—		67		—
Corporate and other expenses	(45,887)		(20,886)		(15,535)
Depreciation and amortization	(13,415)		(13,595)		(10,294)
Stock-based compensation	(18,917)		(3,761)		(2,707)
Impairment	—		(3,594)		—
Finance and interest expense, net	(6,821)		(12,016)		(10,590)
Net (loss) income attributable to noncontrolling interests	(7,518)		(3,556)		240
Interest income	11,590		1,875		75
Other(2)	(7,752)		(2,705)		(3,002)
Loss before taxes	$	(112,772)	$	(67,336)	$	(24,857)

(2)Other consists of acquisition costs, restructuring, impairment, and other income or expense items which are deducted when calculating Adjusted EBITDA. In prior period filings, ‘Interest income’ was grouped into this line item. For the year ended December 31, 2025, it was broken out due to materiality.

The Company’s capital expenditures and depreciation and amortization expense are as follows:


Year Ended December 31, 2025	Defense and National Security		Space Solutions		Starlab Space Stations		Corporate		Total
Capital expenditures:
Property and equipment	$	5,753	$	1,220	$	137,505	$	196	$	144,674
Total capital expenditures	$	5,753	$	1,220	$	137,505	$	196	$	144,674

Depreciation and amortization expense	$	8,065	$	5,287	$	10	$	53	$	13,415


Year Ended December 31, 2024	Defense and National Security		Space Solutions		Starlab Space Stations		Corporate		Total
Capital expenditures:
Property and equipment	$	1,547	$	1,775	$	79,381	$	—	$	82,703
Total capital expenditures	$	1,547	$	1,775	$	79,381	$	—	$	82,703

Depreciation and amortization expense	$	6,207	$	7,307	$	—	$	81	$	13,595


Year Ended December 31, 2023	Defense and National Security		Space Solutions		Starlab Space Stations		Corporate		Total
Capital expenditures:
Property and equipment	$	881	$	578	$	15,691	$	60	$	17,210
Total capital expenditures	$	881	$	578	$	15,691	$	60	$	17,210

Depreciation and amortization expense	$	4,773	$	5,445	$	—	$	76	$	10,294