v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue $ 134 $ 406 $ 361 $ 867
Operating expenses:        
Spaceline operations 28,182 14,206 57,822 35,032
Research and development 4,339 20,121 11,051 53,431
Selling, general and administrative 28,556 31,850 54,107 62,400
Depreciation and amortization 3,983 4,171 7,899 8,394
Total operating expenses 65,060 70,348 130,879 159,257
Operating loss (64,926) (69,942) (130,518) (158,390)
Interest income 2,396 5,832 5,097 13,047
Interest expense (1,994) (3,247) (3,822) (6,487)
Gain on extinguishment of debt 8,639 0 8,639 0
Other income, net 26 40 60 74
Loss before income taxes (55,859) (67,317) (120,544) (151,756)
Income tax expense (benefit) 30 (37) 60 11
Net loss (55,889) (67,280) (120,604) (151,767)
Other comprehensive loss:        
Foreign currency translation adjustment (7) 22 (10) 18
Unrealized gain (loss) on marketable securities 19 (134) (66) (310)
Total comprehensive loss $ (55,877) $ (67,392) $ (120,680) $ (152,059)
Net loss per share:        
Basic (in dollars per share) $ (0.50) $ (1.47) $ (1.27) $ (3.74)
Diluted (in dollars per share) $ (0.50) $ (1.47) $ (1.27) $ (3.74)
Weighted-average shares outstanding:        
Basic (in shares) 110,757 45,641 95,206 40,569
Diluted (in shares) 110,757 45,641 95,206 40,569