v3.26.1
SEGMENTS
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
The Company’s Chief Operating Decision Maker reviews financial information presented based on a management approach for the purposes of making operating decisions, assessing financial performance and allocating resources. The Company manages its business primarily based upon two operating segments, launch services and space systems. Each of these operating segments represents a reportable segment. Launch Services provides launch and launch related services to customers on a dedicated mission or ride share basis. Space systems is predominately comprised of spacecraft components and spacecraft manufacturing. Although some of the Company’s contracts with customers contain elements of space systems and launch services, each reporting segment is managed separately to better align with customer’s needs and the Company’s growth plans. For contracts with customers that contain both space systems and launch services elements, revenues for each reporting segment are generally allocated based upon the overall costs incurred for each of the reporting segments in comparison to total overall costs of the contract. The following table shows information by reportable segment for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,
20262025
Launch
Services		Space
Systems		Launch
Services		Space
Systems
Revenues$44,586 $189,480 $46,646 $97,852 
Cost of revenues25,476 124,014 32,426 65,684 
Gross profit$19,110 $65,466 $14,220 $32,168 
Six Months Ended June 30,
20262025
Launch
Services		Space
Systems		Launch
Services		Space
Systems
Revenues$108,249 $326,165 $82,238 $184,829 
Cost of revenues60,916 212,429 60,801 124,631 
Gross profit$47,333 $113,736 $21,437 $60,198 
The following table shows information by reportable segment by products and services for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,
20262025
Launch
Services		Space
Systems		Launch
Services		Space
Systems
Products:
Revenues$— $181,347 $— $92,725 
Cost of revenues— 117,439 — 61,692 
Gross profit$— $63,908 $— $31,033 
Services:
Revenues$44,586 $8,133 $46,646 $5,127 
Cost of revenues25,476 6,575 32,426 3,992 
Gross profit$19,110 $1,558 $14,220 $1,135 
Six Months Ended June 30,
20262025
Launch
Services		Space
Systems		Launch
Services		Space
Systems
Products:
Revenues$— $308,835 $— $173,529 
Cost of revenues— 198,523 — 115,561 
Gross profit$— $110,312 $— $57,968 
Services:
Revenues$108,249 $17,330 $82,238 $11,300 
Cost of revenues60,916 13,906 60,801 9,070 
Gross profit$47,333 $3,424 $21,437 $2,230 
Management does not regularly review either reporting segment’s total assets or operating expenses. This is because in general, the Company’s long-lived assets, facilities, and equipment are shared by each reporting segment.