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Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company has one operating and reportable segment - Development and Manufacturing of Electric Aircraft. The Company determined its reportable segment based on how the chief operating decision maker (“CODM”) evaluates the business. Substantially all of the Company’s fixed assets are located and its revenues are generated in the United States. The Company’s foreign operations primarily consist of expenses associated with engineering and related supporting administrative services.
The Company’s CODM is its Chief Executive Officer. During the first quarter of 2026, the Company changed the presentation of the financial information regularly provided to the CODM to evaluate segment performance and inform business decisions. The CODM reviews forecasted-to-actual segment loss for purposes of making operating decisions, allocating resources, and evaluating financial performance. The CODM does not use any segment asset measures to assess performance and decide how to allocate resources.
The Company’s prior-period segment amounts have been recast in the table below to conform to the new presentation of significant expenses. A reconciliation of segment loss to net loss was as follows (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026
20252026
2025
Revenues$14,658 $5,966 $24,791 $15,565 
Cost of revenues6,279 1,139 10,456 2,817 
Gross profit8,379 4,827 14,335 12,748 
Pre-production manufacturing46,615 32,251 91,116 54,982 
General and administrative34,406 17,648 62,086 36,540 
Research and development31,590 19,117 58,318 47,580 
Other segment items(1)
5,578 4,205 9,871 6,758 
Segment loss(109,810)(68,394)(207,056)(133,112)
Unallocated items:
Depreciation and amortization6,322 5,399 12,473 10,520 
Stock-based compensation14,674 4,307 38,090 11,614 
Warrant expense5,697 — 11,331 — 
Other unallocated items(2)
12,250 2,316 2,112 3,448 
Net loss$(148,753)$(80,416)$(271,062)$(158,694)
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(1)Includes selling, marketing, shipping, and freight expenses.
(2)Includes acquisition-related expense, loss on disposal of property and equipment, interest income/expense, IPO costs, and provision for income taxes.