v3.26.1
Property, Plant, and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment Property, Plant, and Equipment
Property, plant, and equipment, net consisted of the following as of December 31, 2025 (in thousands):
December 31,
2025
Construction in progress$929,371 
Land5,924 
Gross property, plant, and equipment$935,295 
Less: accumulated depreciation— 
Total property, plant, and equipment, net$935,295 
As of December 31, 2025, the Company’s property, plant, and equipment, net consisted entirely of land and construction in progress. No depreciable property, plant, and equipment had been placed in service, and accordingly, no depreciation expense was recognized during the period from January 10, 2025 (Inception) through December 31, 2025.
Interest expense of $18,354 was capitalized during the period from January 10, 2025 (Inception) through December 31, 2025, all of which is included within property, plant, and equipment, net on the consolidated balance sheet as of December 31, 2025.