v3.26.3
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table summarizes the operating performance of the Company’s segments:
Three Months EndedNine Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
Net Sales:
Defense and Space Technologies$88,790 $40,085 $178,126 $121,621 
Starlab Space Stations— — — — 
Total net sales, reportable segments88,790 40,085 178,126 121,621 
Intersegment eliminations(1)
(75)(498)(1,419)(1,853)
Total net sales$88,715 $39,587 $176,707 $119,768 
Other Segment Expenses(2):
Defense and Space Technologies$98,610 $42,781 $208,789 $125,516 
Starlab Space Stations7,468 6,150 19,512 10,932 
Total other segment expenses, reportable segments106,078 48,931 228,301 136,448 
Intersegment eliminations(1)
(75)(498)(1,419)(1,853)
Corporate and other expenses27,611 8,961 65,555 34,030 
Total other segment expenses
$133,614 $57,394 $292,437 $168,625 
Adjusted EBITDA:
Defense and Space Technologies$(9,820)$(2,582)$(30,663)$(3,153)
Starlab Space Stations(7,468)(6,150)(19,512)(10,932)
Total Adjusted EBITDA, reportable segments(17,288)(8,732)(50,175)(14,085)
Intersegment eliminations— — — — 
Corporate and other expenses(27,611)(8,961)(65,555)(34,030)
Depreciation and amortization(10,045)(3,130)(23,248)(8,440)
Stock-based compensation(5,002)(2,120)(12,893)(15,390)
Finance and interest expense, net(2,695)(200)(6,714)(5,452)
Net loss attributable to noncontrolling interests(2,693)(2,063)(6,910)(4,737)
Interest income2,264 4,313 9,362 7,826 
Other(3)
967 795 371 (6,655)
Loss before taxes$(62,103)$(20,098)$(155,762)$(80,963)
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(1)As a result of the Segment change during the first quarter of fiscal 2026, intersegment eliminations for comparative periods have been recast.
(2)Other Segment Expenses consist of cost of sales, research and development, selling, general, and administrative and other income or expense items which are not deducted when calculating Adjusted EBITDA.
(3)Other consists of acquisition costs, restructuring, impairment, and other income or expense items which are deducted when calculating Adjusted EBITDA. In prior period filings, ‘Interest income’ was grouped into this line item. During the third quarter of 2025, it was broken out due to materiality and prior periods have been recast to break out 'Interest income'.
The Company’s total capital expenditures were as follows:
Three Months Ended September 30, 2026Defense and Space TechnologiesStarlab Space StationsCorporateTotal
Capital expenditures:
Property and equipment$22,246 $5,552 $389 $28,187 
Total capital expenditures$22,246 $5,552 $389 $28,187 
Three Months Ended September 30, 2025Defense and Space TechnologiesStarlab Space StationsCorporateTotal
Capital expenditures:
Property and equipment$1,725 $37,184 $126 $39,035 
Total capital expenditures$1,725 $37,184 $126 $39,035 
Nine Months Ended September 30, 2026Defense and Space TechnologiesStarlab Space StationsCorporateTotal
Capital expenditures:
Property and equipment$51,488 $62,140 $1,211 $114,839 
Total capital expenditures$51,488 $62,140 $1,211 $114,839 
Nine Months Ended September 30, 2025Defense and Space TechnologiesStarlab Space StationsCorporateTotal
Capital expenditures:
Property and equipment$3,688 $92,434 $178 $96,300 
Total capital expenditures$3,688 $92,434 $178 $96,300