v3.26.1
SATELLITES, PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
SATELLITES, PROPERTY AND EQUIPMENT SATELLITES, PROPERTY AND EQUIPMENT
Satellites, property and equipment, net, consists of the following as of June 30, 2026, and December 31, 2025:
As of June 30, 2026As of December 31, 2025
Satellite builds in process$36,475 $29,894 
Satellites173,318 151,350 
Machinery and equipment5,117 4,409 
Computer equipment3,596 3,449 
Software1,944 671 
Furniture and fixtures1,700 1,545 
Leasehold improvements10,323 7,897 
$232,473 $199,215 
Accumulated depreciation and amortization(100,976)(88,342)
Satellites, property and equipment, net$131,497 $110,873 

The following table presents depreciation expense recognized on the condensed consolidated statements of operations:
Three months ended June 30,Six months ended June 30,
2026202520262025
Depreciation expense $6,779 $5,756 $12,634 $10,656