SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table summarizes the operating performance of the Company’s segments:

	Three Months Ended				Six Months Ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Net Sales:
Defense and National Security	$	35,191	$	19,029	$	58,736	$	33,730
Space Solutions	11,124		20,100		23,428		37,143
Starlab Space Stations	—		—		—		—
Total net sales, reportable segments	46,315		39,129		82,164		70,873
Intersegment eliminations	(641)		(2,476)		(1,983)		(4,004)
Total Net Sales	$	45,674	$	36,653	$	80,181	$	66,869
Other Segment Expenses(1)
Defense and National Security	$	33,345	$	18,012	$	56,778	$	32,974
Space Solutions	12,472		19,031		25,954		37,197
Starlab Space Stations	1,969		8,052		4,783		10,532
Total other segment expenses, reportable segments	47,786		45,095		87,515		80,703
Intersegment eliminations	(641)		(2,476)		(1,983)		(4,004)
Corporate and other expenses	7,595		1,727		25,071		5,019
Total other segment expenses	$	54,740	$	44,346	$	110,603	$	81,718
Adjusted EBITDA:
Defense and National Security	$	1,846	$	1,017	$	1,958	$	756
Space Solutions	(1,348)		1,069		(2,526)		(54)
Starlab Space Stations	(1,969)		(8,052)		(4,783)		(10,532)
Total Adjusted EBITDA, reportable segments	(1,471)		(5,966)		(5,351)		(9,830)
Intersegment eliminations	—		(1)		—		(24)
Corporate and other expenses	(7,595)		(1,727)		(25,071)		(5,019)
Depreciation & amortization	(2,708)		(2,758)		(5,310)		(5,471)
Stock-based compensation	(11,547)		(1,113)		(13,270)		(1,843)
Impairment	—		—		—		—
Finance and interest expense, net	(2,523)		(3,095)		(5,252)		(6,089)
Net loss attributable to noncontrolling interests	(1,683)		(2,729)		(2,674)		(2,858)
Other	(5,457)		(8,784)		(3,937)		(9,743)
Loss before taxes	$	(32,984)	$	(26,173)	$	(60,865)	$	(40,877)

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(1)Other Segment Expenses consist of cost of sales, research and development, selling, general, and administrative and other income or expense items which are not deducted when calculating Adjusted EBITDA.

The Company’s capital expenditures are as follows:

Three Months Ended June 30, 2025	Defense and National Security		Space Solutions		Starlab Space Stations		Corporate		Total
Capital expenditures:
Property, plant and equipment	$	346	$	316	$	30,214	$	18	$	30,894
Total	$	346	$	316	$	30,214	$	18	$	30,894
Three Months Ended June 30, 2024	Defense and National Security		Space Solutions		Starlab Space Stations		Corporate		Total
Capital expenditures:
Property, plant and equipment	$	309	$	549	$	15,417	$	—	$	16,275
Total	$	309	$	549	$	15,417	$	—	$	16,275
Six Months Ended June 30, 2025	Defense and National Security		Space Solutions		Starlab Space Stations		Corporate		Total
Capital expenditures:
Property, plant and equipment	$	984	$	720	$	56,108	$	53	$	57,865
Total	$	984	$	720	$	56,108	$	53	$	57,865
Six Months Ended June 30, 2024	Defense and National Security		Space Solutions		Starlab Space Stations		Corporate		Total
Capital expenditures:
Property, plant and equipment	$	809	$	909	$	30,607	$	—	$	32,325
Total	$	809	$	909	$	30,607	$	—	$	32,325