Debt and Other Financing (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The carrying value of the Company’s outstanding debt consisted of the following amounts:

	March 31,		December 31,
	2025		2024
	(in thousands)
Current portion of long-term debt	$	3,812	$	2,000
Non-current portion of long-term debt	112,722		107,034
Total long-term debt	116,534		109,034
Unamortized debt issuance costs	(1,186)		(1,371)
Outstanding balance	$	115,348	$	107,663

	Effective Interest Rate	March 31,		December 31,
Name of Loan		2025		2024
		(in thousands)
Loans from related parties	12.23% - 12.57%	$	93,034	$	93,034
Satellite launch vendor financing	9.88% - 10.80%	13,500		6,000
Commercial bank line	10.98%	10,000		10,000
Total		$	116,534	$	109,034

Contractual Obligation, Fiscal Year Maturity

Debt Maturities

Under the Company’s loan agreements, minimum required maturities are as follows:

For the years ending December 31,	(in thousands)
2025	$	2,688
2026	107,534
2027	4,500
2028	1,812
Total outstanding	$	116,534