v3.26.1
Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments
Note 18 - Segments
The Company’s Chief Executive Officer, as the Chief Operating Decision Maker (“CODM”), organizes the Company, manages resource allocations, and measures performance among three operating and reportable segments: (i) Space, (ii) Connectivity, and (iii) AI. The Company’s CODM assesses performance and allocates resources to operating segments based on segment income (loss) from operations by comparing actual income (loss) from operations to historical results and previously forecasted financial information. The Company’s CODM does not evaluate operating and reportable segments using asset or liability information.
The following tables present information as to revenues, significant segment expenses, and income (loss) from operations by the Company’s reportable segments:
Three Months Ended June 30,
2026
SpaceConnectivityAITotal Reportable Segments
Revenue
$962 $4,291 $2,561 $7,814 
Costs and expenses
Cost of revenue329 2,060 1,106 3,495 
Research and development1,076 294 2,178 3,548 
Selling, general, and administrative99 281 532 912 
Restructuring charges— — 2 2 
Total costs and expenses1,504 2,635 3,818 7,957 
Income (loss) from operations(542)1,656 (1,257)(143)
Interest expense(629)
Interest income340 
Other expense, net(86)
Loss before income taxes$(518)
Supplemental segment information
Depreciation and amortization$158 $805 $1,885 $2,848 
Share-based compensation$179 $136 $516 $831 
Capital expenditures
$1,174 $1,367 $15,828 $18,369 
Six Months Ended June 30,
2026
SpaceConnectivityAITotal Reportable Segments
Revenue
$1,581 $7,548 $3,379 $12,508 
Costs and expenses
Cost of revenue610 3,711 1,562 5,883 
Research and development2,006 499 4,557 7,062 
Selling, general, and administrative169 494 995 1,658 
Restructuring charges— — (9)(9)
Total costs and expenses2,785 4,704 7,105 14,594 
Income (loss) from operations(1,204)2,844 (3,726)(2,086)
Interest expense(1,293)
Interest income553 
Other expense, net(1,962)
Loss before income taxes$(4,788)
Supplemental segment information
Depreciation and amortization$324 $1,588 $3,378 $5,290 
Share-based compensation$324 $252 $894 $1,470 
Capital expenditures$2,226 $2,699 $23,551 $28,476 
Three Months Ended June 30,
2025
SpaceConnectivityAITotal Reportable Segments
Revenue$746 $2,588 $737 $4,071 
Costs and expenses
Cost of revenue330 1,401 551 2,282 
Research and development693 143 1,122 1,958 
Selling, general, and administrative87 121 398 606 
Restructuring charges— — 190 190 
Impairment5 — — 5 
Total costs and expenses1,115 1,665 2,261 5,041 
Income (loss) from operations(369)923 (1,524)(970)
Interest expense(411)
Interest income98 
Other income, net413 
Loss before income taxes$(870)
Supplemental segment information
Depreciation and amortization$146 $569 $811 $1,526 
Share-based compensation$125 $91 $247 $463 
Impairment$5 $— $— $5 
Capital expenditures
$946 $1,130 $749 $2,825 
Six Months Ended June 30,
2025
SpaceConnectivityAITotal Reportable Segments
Revenue $1,611 $5,062 $1,465 $8,138 
Costs and expenses
Cost of revenue627 2,615 1,002 4,244 
Research and development1,219 266 2,030 3,515 
Selling, general, and administrative175 225 699 1,099 
Restructuring charges— — 194 194 
Impairment29 — — 29 
Total costs and expenses2,050 3,106 3,925 9,081 
Income (loss) from operations(439)1,956 (2,460)(943)
Interest expense(858)
Interest income215 
Other income, net202 
Loss before income taxes$(1,384)
Supplemental segment information
Depreciation and amortization$308 $1,078 $1,584 $2,970 
Share-based compensation$233 $166 $295 $694 
Impairment$29 $— $— $29 
Capital expenditures$1,705 $1,944 $3,316 $6,965