Other current assets consisted of the following (in thousands):


	June 30,		December 31,
	2026		2025
Technology and other prepaid contracts	$	1,123	$	1,618
Other receivables		4,442		2,554
Prepaid insurance		181		872
Deferred contract costs		131		121
Other		1,214		871
Other current assets	$	7,091	$	6,036

Property and equipment, net consisted of the following (in thousands):


	June 30,			December 31,
	2026			2025
Satellites in-service	$	40,013		$	29,009
Internally developed software		2,839			2,377
Ground stations in-service		5,348			5,372
Leasehold improvements		6,964			6,077
Machinery and equipment		9,143			7,841
Computer equipment		1,512			1,411
Computer software and website development		99			99
Furniture and fixtures		1,619			1,542
		67,537			53,728
Less: Accumulated depreciation and amortization		(29,674	)		(24,290	)
		37,863			29,438
Satellite, launch, and ground station work in progress		27,892			30,692
Finished satellites not yet placed in-service		19,305			20,676
Property and equipment, net	$	85,060		$	80,806

Depreciation and amortization expense related to property and equipment was $3.7 million and $6.3 million for the three and six months ended June 30, 2026, respectively. Depreciation and amortization expense related to property and equipment was $2.2 million and $6.2 million for the three and six months ended June 30, 2025, respectively. The Company recorded $0.5 million and $1.4 million of losses on decommissioned satellites and other assets write-offs for the three and six months ended June 30, 2026, respectively. The Company recorded $1.1 million and $6.3 million of losses on decommissioned satellites and other assets write-offs for the three and six months ended June 30, 2025, respectively. These losses are recorded in a separate line item within operating expenses on the condensed consolidated statement of operations. The loss for the three months ended June 30, 2026 was primarily due to the Company’s decision to stop supporting one underperforming satellite and the deorbiting of one satellite. The loss for the six months ended June 30, 2026 was primarily due to the deorbiting of two satellites and the Company’s decision to stop supporting one underperforming satellite. The loss for the three months ended June 30, 2025 was primarily due to the deorbiting of three satellites. The loss for the six months ended June 30, 2025 was primarily due to the Company’s decision to stop supporting three underperforming satellites and the deorbiting of three satellites. These satellites were written off at their net book value as no recoverable value was expected upon disposal.

Other accrued expenses consisted of the following (in thousands):


	June 30,		December 31,
	2026		2025
Operating lease liabilities, current	$	2,897	$	4,642
Professional services		2,022		4,394
Accrued operating costs		693		967
Accrued wages and benefits		3,867		4,556
Software		862		791
Corporate and sales tax		268		1,281
Termination fees		—		3,335
Other		3,039		2,300
Other accrued expenses	$	13,648	$	22,266

Accumulated other comprehensive loss consisted of the following (in thousands):


	Six Months Ended June 30, 2026
	Foreign Currency Translation Adjustments, Net of Tax			Net Unrealized Loss on Investments, Net of Tax			Total
Beginning balance	$	(5,467	)	$	32		$	(5,435	)
Other comprehensive loss before reclassifications		(154	)		(71	)		(225	)
Ending balance	$	(5,621	)	$	(39	)	$	(5,660	)

	Six Months Ended June 30, 2025
	Foreign Currency Translation Adjustments, Net of Tax			Net Unrealized Loss on Investments, Net of Tax			Total
Beginning balance	$	(9,770	)	$	—		$	(9,770	)
Other comprehensive income (loss) before reclassifications		4,770			(3	)		4,767
Ending balance	$	(5,000	)	$	(3	)	$	(5,003	)

The components of accumulated other comprehensive loss, which are included in stockholders' equity, consist of foreign currency translation adjustments and unrealized gains (losses) on available-for-sale securities.