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PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
June 30, 2025December 31, 2024
Equipment in orbit$19,533$19,533
Machinery and equipment5,1144,860
Leasehold improvements2,2242,276
Construction in progress56,37437,251
IT related equipment3,0382,441 
Property and equipment, gross86,28366,361
Less: Accumulated depreciation(18,724)(16,922)
Property and equipment, net$67,559$49,439
Depreciation expense for property, plant and equipment was $1.1 million and $2.2 million for the three and six months ended June 30, 2025, respectively. Depreciation expense for property, plant and equipment was $1.0 million and $2.0 million for the three and six months ended June 30, 2024, respectively.