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Net Loss per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Net Loss Per Share, Basic and Diluted
The following data shows the amounts used in computing net loss per share and the effect on net loss and the weighted-average number of shares as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands, except share and per share amounts)2025202420252024
Net loss$(222,187)$(77,686)$(357,141)$(234,588)
Less: Deemed Dividend— (4,153)— (4,153)
Net loss available to common stockholders$(222,187)$(81,839)$(357,141)$(238,741)
Weighted average shares used in computing net loss per share of Class A and B Common Stock:
Basic143,159,121 15,379,402 107,784,739 8,707,165 
Diluted143,159,121 15,379,402 107,784,739 8,707,165 
Net loss per share of Class A and B Common Stock attributable to common stockholders:
Basic$(1.55)$(5.32)$(3.31)$(27.42)
Diluted$(1.55)$(5.32)$(3.31)$(27.42)
Schedule of Antidilutive Shares Excluded From Calculation of Diluted Net Loss Per Share
The table below presents the potentially dilutive shares that were excluded from the computation of diluted net loss per share of Common Stock attributable to Common Stock stockholders due to their antidilutive effect:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Shares issuable upon conversion of SPA Portfolio Notes79,219,893 25,995,784 79,219,893 25,995,784 
Shares issuable upon conversion of Unsecured Convertible Notes— 666,624 — 666,624 
Shares issuable upon exercise of equity classified SPA Portfolio Note warrants15,628 15,143 15,628 15,143 
Shares issuable upon exercise of liability classified SPA Portfolio Note warrants58,721,309 5,931,638 58,721,309 5,931,638 
Other warrants5,776,657 1,278,802 5,776,657 1,278,802 
Stock-based compensation awards – Options2,289 2,879 2,289 2,879 
Stock-based compensation awards – RSUs6,101 1,529,966 6,101 1,529,966 
Public warrants2,453 2,453 2,453 2,453 
Private warrants12 12 12 12 
143,744,342 35,423,301 143,744,342 35,423,301