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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
December 31,
2025
2024
Equipment in orbit
$
19,533 
$
19,533 
Machinery and equipment
13,183 
4,860 
Leasehold improvements
3,187 
2,276 
Construction in progress
143,869 
37,251 
Building
906 
— 
IT related equipment
3,832 
2,441 
Property and equipment, gross
184,510 
66,361 
Less: Accumulated depreciation
(20,224)
(16,922)
Property and equipment, net
$
164,286 
$
49,439 
Depreciation expense on property and equipment was $4.9 million, $4.0 million and $3.8 million for the years ended December 31, 2025, 2024 and 2023, respectively.