v3.26.1
Segment Reporting - Schedule of Financial Information Respect to the Company’s Single Operating Segment (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Revenue $ 5.0 $ 0.0 $ 6.6 $ 0.0
Operating expenses        
Depreciation and amortization expense     17.9 8.9
Research and development warrant expense     0.0 1.6
Stock-based compensation expense     156.0 81.9
General and administrative warrant expense     1.1 0.0
Total operating expenses 284.2 176.1 540.4 320.1
Loss from operations (279.2) (176.1) (533.8) (320.1)
Other income (expense), net 1.8 (40.0) 22.4 2.0
Interest income, net 14.2 10.2 30.6 18.9
Loss before income taxes (263.2) (205.9) (480.8) (299.2)
Income tax expense 0.0 (0.1) (0.1) (0.2)
Net loss (263.2) (206.0) (480.9) (299.4)
Reportable Segment        
Segment Reporting [Line Items]        
Revenue 5.0 0.0 6.6 0.0
Operating expenses        
Depreciation and amortization expense 10.1 4.8 17.9 8.9
Research and development warrant expense 0.0 0.8 0.0 1.6
Stock-based compensation expense 85.6 51.8 156.0 81.9
General and administrative warrant expense 0.0 0.0 1.1 0.0
Other cost of revenue 3.3 0.0 4.2 0.0
Other research and development expense 136.9 94.6 270.2 182.8
Other general and administrative expense 48.3 24.1 91.0 44.9
Total operating expenses 284.2 176.1 540.4 320.1
Loss from operations (279.2) (176.1) (533.8) (320.1)
Other income (expense), net 1.8 (40.0) 22.4 2.0
Interest income, net 14.2 10.2 30.6 18.9
Loss before income taxes (263.2) (205.9) (480.8) (299.2)
Income tax expense 0.0 (0.1) (0.1) (0.2)
Net loss $ (263.2) $ (206.0) $ (480.9) $ (299.4)