v3.26.1
Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment 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