Property And Equipment—net

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property And Equipment—net

7. Property and Equipment - net

The following summarizes property and equipment - net as of:

	December 31,		December 31,
	2023		2022
	(in thousands)
Satellites	$	125,124	$	116,219
Software	20,384		8,503
Software development in process	2,673		2,942
Computer equipment	1,642		1,996
Office furniture and fixtures	4,039		674
Other equipment	811		631
Site equipment	2,557		2,558
Total	157,230		133,523
Less: accumulated depreciation	(90,114)		(61,939)
Property and equipment — net	$	67,116	$	71,584

Depreciation of property and equipment was $42.9 million and $35.1 million for the years ended December 31, 2023 and 2022, respectively. The Company recognized impairment losses of $121 thousand of capitalized software and leasehold improvements, resulting in a net impairment loss of $81 thousand. As of December 31, 2023 and 2022, the Company's primary long-lived assets, including satellites in service, are owned and operated by United States entities and are classified within the United States geographic region.