Balance Sheet Components (Tables)

6 Months Ended

Jun. 30, 2026

Prepaid expenses and other current assets are summarized as follows:


	As of
	June 30, 2026 (unaudited)		December 31, 2025
Prepaid expenses	$	15,079	$	18,853

Accrued interest receivable	10,273		4,976

Other	20,020		1,969
Total prepaid expenses and other current assets	$	45,372	$	25,798

Property, plant and equipment, net are summarized as follows:


		As of
	Estimates Useful Lives (Years)	June 30, 2026 (unaudited)		December 31, 2025
Computers and equipment	3 - 7	$	740	$	366
Furniture, fixtures and machinery	7	2,796		483
Software	3	1,405		1,405
Leasehold improvements	*	255		62
Land and buildings	40	7,182		5,145
Total property, plant and equipment, gross		12,378		7,461
Less: accumulated depreciation and amortization		(1,300)		(897)
Construction in progress and equipment deposits		165,117		35,748
Total property, plant and equipment, net		$	176,195	$	42,312

* Shorter of lease term or estimated useful life of the asset.


Intangible assets are summarized as follows:


		As of
	Estimated Useful Lives (Years)	June 30, 2026 (unaudited)		December 31, 2025
IPR&D	N/A	$	27,500	$	27,500
Customer relationships	10.9	16,000		—
Trade names	8.5	800		—
Total intangible assets		44,300		27,500
Less: accumulated amortization		(97)		—
Total intangible assets, net		$	44,203	$	27,500


Intangible assets are summarized as follows:


		As of
	Estimated Useful Lives (Years)	June 30, 2026 (unaudited)		December 31, 2025
IPR&D	N/A	$	27,500	$	27,500
Customer relationships	10.9	16,000		—
Trade names	8.5	800		—
Total intangible assets		44,300		27,500
Less: accumulated amortization		(97)		—
Total intangible assets, net		$	44,203	$	27,500

Other assets are summarized as follows:


	As of
	June 30, 2026 (unaudited)		December 31, 2025
Finance lease right-of-use asset	$	933	$	—
Prepayments	17,730		217
Other investments	28,586		12,086
Total other assets	$	47,249	$	12,303

Accrued expenses and other are summarized as follows:


	As of
	June 30, 2026 (unaudited)		December 31, 2025
Accrued professional fees	$	2,689	$	1,838
Accrued payroll and bonuses	11,160		10,998

General accrued expenses	20,754		7,210
Contingent consideration	1,880		—
Other	1,540		451
Total accrued expenses and other	$	38,023	$	20,497