v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 2,236.1 $ 1,957.2
Accounts receivable, net 26.8 30.7
Inventories 177.7 322.9
Deferred costs associated with deferred revenue 33.2 40.9
Other current assets 11.7 11.9
Total current assets 2,485.5 2,363.6
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization 312.9 29.5
Deposits for financial assurance 33.1 2.7
Intangible assets, net 15.7 21.2
Deferred Tax Assets, Net 17.7 21.9
Other long-term assets 6.7 7.0
Total Assets 2,871.6 2,445.9
Current Liabilities    
Accounts payable and accrued liabilities 107.6 41.6
Accounts payable under purchase agreements 41.8 18.5
Inventories owed to customers and suppliers 54.0 192.7
Contract with Customer, Liability, Current 85.3 131.1
Convertible senior notes (Predecessor) 0.0 38.9
Total current liabilities 288.7 422.8
Long-term debt 1,178.8 1,174.8
Warrant liability 220.4 0.0
Postretirement health and life benefit obligations 68.1 72.2
Pension benefit liabilities 2.9 3.0
Advances from customer, noncurrent 0.7 0.0
Other long-term liabilities 6.9 8.0
Liabilities 1,766.5 1,680.8
Commitments and contingencies (Note 11)
Stockholders' Deficit    
Preferred stock 0.0 0.0
Excess of capital over par value 1,044.0 762.3
Accumulated deficit 59.9 1.5
Accumulated other comprehensive income (loss), net of tax (0.9) (0.7)
Stockholders' Equity 1,105.1 765.1
Total Liabilities and Stockholders’ Equity (Deficit) $ 2,871.6 $ 2,445.9
Common Class A [Member]    
Stockholders' Deficit    
Common Stock, Shares, Issued 19,733,908 18,945,365
Common stock $ 2.0 $ 1.9
Common Class B [Member]    
Stockholders' Deficit    
Common Stock, Shares, Issued 719,200 719,200
Common stock $ 0.1 $ 0.1