Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Property and Equipment

The estimated useful lives are as follows:

	Estimated useful lives (years)
Satellites	3
Computer equipment and software	3
Site and other equipment	3 - 5
Office furniture and fixtures	5
Capitalized software	3
Leasehold improvements	shorter of useful life or remaining lease term

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.

Schedule of Finite-Lived Intangible Assets

The estimated useful lives of the Company's finite-lived intangible assets are as follows:

	Estimated useful lives (years)
Distribution agreements	2
Customer backlog and relationships	1 - 10
Technology	3 - 5

Schedule of Professional Engineering Services Contracts

The following table presents the effect of aggregate net EAC adjustments on our professional and engineering services contracts:

	Years Ended December 31,
	2023		2022(1)
	(in thousands)
Revenue	$	(1,477)	$	(2,316)
Basic and diluted net loss per share	$	(0.01)	$	(0.02)

(1) For the year ended December 31, 2022, the amounts represent the effect of aggregate net EAC adjustments on two professional and engineering service contracts