v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 305,491 $ 567,992
Restricted cash 43,579 34,636
Inventory 74,990 59,026
Vendor deposits 16,118 11,756
Contract assets, current 15,877 13,972
Prepaid expenses 3,243 2,701
Grant receivable, net 33,826 11,028
Other current assets 7,243 590
Total current assets 514,000 708,480
Property, plant and equipment, net 177,453 114,415
Intangible assets, net 1,507 979
Goodwill 4,331 4,331
Operating lease right-of-use asset, net 20,727 20,420
Long-term restricted cash 15,000 21,938
Other assets, net 173,761 14,634
Total assets 906,779 885,197
Current liabilities:    
Accounts payable 105,598 99,915
Accrued expenses 42,469 25,794
Operating lease liability, current 1,781 1,960
Long-term debt, current 0 372
Contract liabilities, current 7,912 14,975
Other current liabilities 126 524
Total current liabilities 157,886 143,540
Long-term liabilities:    
Operating lease liability 21,926 19,182
Long-term debt 453,835 662,467
Notes payable - related party 163,283 150,427
Contract liabilities, long-term 1,974 2,506
Other liabilities 36,044 427
Total long-term liabilities 1,066,455 1,618,977
Total liabilities 1,224,341 1,762,517
COMMITMENTS AND CONTINGENCIES (NOTE 15)
SHAREHOLDERS' DEFICIT    
Common stock, $0.0001 par value, 800,000,000 shares authorized, 340,592,001 and 337,132,374 shares outstanding on June 30, 2026 and December 31, 2025, respectively 32 32
Additional paid in capital 1,406,730 427,722
Accumulated deficit (2,302,646) (2,535,819)
Total shareholders' deficit (1,030,784) (2,238,862)
Total liabilities, preferred stock and shareholders' deficit 906,779 885,197
Series B Preferred Stock    
Long-term liabilities:    
SERIES B PREFERRED STOCK - related party 713,222 1,361,542
Nonrelated Party    
Current assets:    
Accounts receivable, net 8,117 6,779
Long-term liabilities:    
Warrants liability 135,362 313,253
SHAREHOLDERS' DEFICIT    
Accumulated other comprehensive (loss) income (3) 10
Related Party    
Current assets:    
Accounts receivable, net 5,516 0
Current liabilities:    
Accounts payable 729 285
Long-term liabilities:    
Warrants liability 254,031 470,715
SHAREHOLDERS' DEFICIT    
Accumulated other comprehensive (loss) income $ (134,897) $ (130,807)