v3.26.3
Segments
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segments
Note 18 - Segments
The Company’s Chief Executive Officer, as the Chief Operating Decision Maker (“CODM”), organizes the Company, manages resource allocations, and measures performance among three operating and reportable segments: (i) Space, (ii) Connectivity, and (iii) SI. The Company’s CODM assesses performance and allocates resources to operating segments based on segment income (loss) from operations by comparing actual income (loss) from operations to historical results and previously forecasted financial information. The Company’s CODM does not evaluate operating and reportable segments using asset or liability information.
The following tables present information as to revenues, significant segment expenses, and income (loss) from operations by the Company’s reportable segments:
Three Months Ended September 30,
2026
SpaceConnectivitySITotal Reportable Segments
Revenue
$1,767 $5,248 $7,560 $14,575 
Costs and expenses
Cost of revenue435 2,368 2,675 5,478 
Research and development1,225 188 3,183 4,596 
Selling, general, and administrative114 325 1,268 1,707 
Restructuring charges— — 3 3 
Total costs and expenses1,774 2,881 7,129 11,784 
Income (loss) from operations(7)2,367 431 2,791 
Interest expense(675)
Interest income873 
Other income, net1,025 
Income before income taxes$4,014 
Supplemental segment information
Depreciation and amortization$185 $986 $2,473 $3,644 
Share-based compensation(1)
$179 $146 $821 $1,146 
Share-based compensation related to acquisitions$— $— $1,217 $1,217 
Capital expenditures
$1,606 $1,543 $16,444 $19,593 
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(1)Share-based compensation expense excludes share-based compensation related to equity awards granted in connection with acquisitions, which is separately presented
Nine Months Ended September 30,
2026
SpaceConnectivitySITotal Reportable Segments
Revenue
$3,348 $12,796 $10,939 $27,083 
Costs and expenses
Cost of revenue1,045 6,079 4,237 11,361 
Research and development3,231 687 7,740 11,658 
Selling, general, and administrative283 819 2,263 3,365 
Restructuring charges (credits)— — (6)(6)
Total costs and expenses4,559 7,585 14,234 26,378 
Income (loss) from operations(1,211)5,211 (3,295)705 
Interest expense(1,968)
Interest income1,426 
Other expense, net(937)
Loss before income taxes$(774)
Supplemental segment information
Depreciation and amortization$509 $2,574 $5,851 $8,934 
Share-based compensation(1)
$503 $398 $1,715 $2,616 
Share-based compensation related to acquisitions$— $— $1,217 $1,217 
Capital expenditures
$3,832 $4,242 $39,995 $48,069 
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(1)Share-based compensation expense excludes share-based compensation related to equity awards granted in connection with acquisitions, which is separately presented


Three Months Ended September 30,
2025
SpaceConnectivitySITotal Reportable Segments
Revenue$1,666 $3,097 $813 $5,576 
Costs and expenses
Cost of revenue477 1,657 571 2,705 
Research and development849 141 1,301 2,291 
Selling, general, and administrative81 109 385 575 
Restructuring charges— — 278 278 
Total costs and expenses1,407 1,907 2,535 5,849 
Income (loss) from operations259 1,190 (1,722)(273)
Interest expense(514)
Interest income155 
Other income, net140 
Loss before income taxes$(492)
Supplemental segment information
Depreciation and amortization$264 $628 $922 $1,814 
Share-based compensation$151 $105 $94 $350 
Capital expenditures
$1,113 $1,007 $4,760 $6,880 
Nine Months Ended September 30,
2025
SpaceConnectivitySITotal Reportable Segments
Revenue $3,277 $8,159 $2,278 $13,714 
Costs and expenses
Cost of revenue1,104 4,271 1,574 6,949 
Research and development2,069 406 3,331 5,806 
Selling, general, and administrative256 335 1,083 1,674 
Restructuring charges— — 472 472 
Impairment29 — — 29 
Total costs and expenses3,458 5,012 6,460 14,930 
Income (loss) from operations(181)3,147 (4,182)(1,216)
Interest expense(1,372)
Interest income370 
Other income, net342 
Loss before income taxes$(1,876)
Supplemental segment information
Depreciation and amortization$572 $1,706 $2,506 $4,784 
Share-based compensation$383 $270 $391 $1,044 
Impairment$29 $— $— $29 
Capital expenditures$2,818 $2,951 $8,077 $13,846