v3.26.1
Revenue (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue

The following table presents revenue disaggregated by type for the three and six months ended June 30, 2026 and 2025:

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Launch revenue

 

$

9,400

 

 

$

6,349

 

 

$

22,652

 

 

$

11,519

 

Spacecraft Solutions revenue

 

 

108,283

 

 

 

9,200

 

 

 

175,910

 

 

 

59,885

 

Total revenue

 

$

117,683

 

 

$

15,549

 

 

$

198,562

 

 

$

71,404

 

 

Schedule of Contract Assets

Contract assets consisted of the following:

 

 

June 30, 2026

 

 

December 31, 2025

 

Unbilled receivables

 

$

21,001

 

 

$

13,497

 

Contract assets

 

 

19,939

 

 

 

3,499

 

Total contract assets

 

$

40,940

 

 

$

16,996

 

Schedule of Deferred Revenue

Deferred revenue consisted of the following:

 

 

June 30, 2026

 

 

December 31, 2025

 

Launch

 

$

72,371

 

 

$

77,843

 

Spacecraft Solutions

 

 

137,168

 

 

 

130,857

 

Total deferred revenue

 

$

209,539

 

 

$

208,700