| Schedule of property and equipment |
Property and equipment consists of the following (in thousands):
| | | | | | | | | | | | | As of: | | June 30, 2026 | | December 31, 2025 | | Globalstar System: | | | | | Space component | $ | 1,078,177 | | | $ | 1,078,242 | | | | | | | Ground component | 108,135 | | | 107,536 | | | Construction in progress: | | | | | Space component | 1,205,277 | | | 998,215 | | | Ground component | 150,878 | | | 90,132 | | | Other | 11,656 | | | 8,694 | | | Total Globalstar System | 2,554,123 | | | 2,282,819 | | | Internally developed and purchased software | 26,456 | | | 26,033 | | | Equipment | 20,626 | | | 20,649 | | | Land and buildings | 3,908 | | | 3,845 | | | Leasehold improvements | 2,453 | | | 2,458 | | | Total property and equipment | 2,607,566 | | | 2,335,804 | | | Accumulated depreciation | (1,064,236) | | | (1,030,346) | | | Total property and equipment, net | $ | 1,543,330 | | | $ | 1,305,458 | |
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