| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Land |
|
$ |
1,925 |
|
|
$ |
1,925 |
|
Buildings and building improvements |
|
|
36,103 |
|
|
|
29,030 |
|
Leasehold improvements |
|
|
24,560 |
|
|
|
15,241 |
|
Satellites in orbit |
|
|
235,387 |
|
|
|
235,387 |
|
Lab, assembly, and integration equipment |
|
|
139,643 |
|
|
|
95,332 |
|
Satellite antenna |
|
|
7,227 |
|
|
|
7,224 |
|
Computer hardware and software |
|
|
27,581 |
|
|
|
25,131 |
|
Other |
|
|
2,822 |
|
|
|
1,999 |
|
Construction in progress |
|
|
|
|
|
|
Satellite materials and advance payments, satellites under construction, and advance launch payments |
|
|
1,724,085 |
|
|
|
1,122,027 |
|
Other construction in progress and capital advances |
|
|
81,914 |
|
|
|
39,176 |
|
Total property and equipment, gross |
|
$ |
2,281,247 |
|
|
$ |
1,572,472 |
|
Accumulated depreciation and amortization |
|
|
(211,911 |
) |
|
|
(173,711 |
) |
Total property and equipment, net |
|
$ |
2,069,336 |
|
|
$ |
1,398,761 |
|
|