Total depreciation and amortization expense for the three months ended June 30, 2026 and 2025 was approximately $20.7 million and $11.7 million, respectively. Total depreciation and amortization expense for the six months ended June 30, 2026 and 2025 was approximately $38.3 million and $22.7 million, respectively.

During the three and six months ended June 30, 2026, the Company recognized losses on disposal of property and equipment of $0.2 million and $2.1 million, respectively. During the three and six months ended June 30, 2025, the Company recognized losses on disposal of property and equipment of less than $0.1 million. The Company presented the losses in other (expense) income, net in the Company’s unaudited condensed consolidated statements of operations. These losses primarily relate to equipment retired from service and satellite materials removed from construction in progress as a result of design modifications and advances in manufacturing processes and technology.

On April 19, 2026, during the New Glenn 3 mission, the Company's Block 2 BB7 satellite was placed into a lower than planned orbit and, as a result, BB7 was de-orbited. The Company maintained launch insurance coverage for this launch that covered a portion of the satellite and launch costs and expects a replacement launch pursuant to the terms of the applicable contract with the launch provider. As of June 30, 2026, the Company had collected $21.6 million of insurance claims from the insurance providers and recorded $10.9 million of receivable for claims expected to be collected after quarter end within Other current assets on the unaudited condensed consolidated balance sheets. The total loss associated with this event net of the $32.5 million insurance recoveries was approximately $125.9 million.