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Debt and Other Financing (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The carrying value of the Company’s outstanding debt consisted of the following amounts:
June 30,December 31,
20252024
(in thousands)
Current portion of long-term debt$5,250 $2,000 
Non-current portion of long-term debt118,212 107,034 
Total long-term debt123,462 109,034 
Unamortized debt issuance costs(993)(1,371)
Outstanding balance$122,469 $107,663 

Effective Interest RateJune 30,December 31,
Name of Loan20252024
(in thousands)
Loans from related parties
12.23% - 12.57%
$97,524 $93,034 
Satellite launch vendor financing
8.79% - 11.62%
15,938 6,000 
Commercial bank line
10.98%10,000 10,000 
Total$123,462 $109,034 
Contractual Obligation, Fiscal Year Maturity
Debt Maturities
The following table presents the minimum required maturities under the Company’s loan agreements as of June 30, 2025 and excludes the issuance of the new Convertible Notes in July 2025 as well as the related payments of principle and accrued interest from the loans from related parties and commercial bank line. See Note 17 - "Subsequent Events" and “Convertible Notes” above regarding the subsequent event convertible Debt offering.

For the years ending December 31,(in thousands)
2025$2,500 
2026113,024 
20275,500 
20282,438 
Total outstanding$123,462