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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue (including revenue of $36,470 and $0 from a related party for the three months ended June 30, 2024 and 2023, and $87,836 and $0 for the six months ended June 30, 2024 and 2023, respectively) $ 200,581 $ 150,874 $ 373,321 $ 300,306
Costs and expenses        
Cost of revenue 470,355 555,805 875,151 1,056,329
Research and development 287,170 233,474 571,797 463,277
Selling, general and administrative 210,245 197,748 423,477 366,518
Restructuring charges 20,228 1,532 20,228 24,028
Total cost and expenses 987,998 988,559 1,890,653 1,910,152
Loss from operations (787,417) (837,685) (1,517,332) (1,609,846)
Other income (expense), net        
Change in fair value of common stock warrant liability 7,539 42,133 34,593 1,331
Change in fair value of equity securities of a related party (9,390) 0 (29,323) 0
Change in fair value of derivative liability associated with Series A redeemable convertible preferred stock (related party) 103,000 0 103,000 0
Interest income 54,553 39,525 105,184 79,530
Interest expense (6,673) (6,690) (14,174) (13,798)
Other expense, net (5,067) (928) (6,074) (261)
Total other income (expense), net 143,962 74,040 193,206 66,802
Loss before provision for (benefit from) income taxes (643,455) (763,645) (1,324,126) (1,543,044)
Provision for (benefit from) income taxes (65) 587 123 716
Net loss (643,390) (764,232) (1,324,249) (1,543,760)
Accretion of Series A redeemable convertible preferred stock (related party) (146,861) 0 (150,762) 0
Net loss attributable to common stockholders, basic (790,251) (764,232) (1,475,011) (1,543,760)
Net loss attributable to common stockholders, diluted $ (790,251) $ (764,232) $ (1,475,011) $ (1,543,760)
Weighted-average shares outstanding attributable to common stockholders, basic (in shares) 2,310,360,525 1,912,459,833 2,306,209,050 1,871,884,313
Weighted-average shares outstanding attributable to common stockholders, diluted (in shares) 2,310,360,525 1,912,459,833 2,306,209,050 1,871,884,313
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (0.34) $ (0.40) $ (0.64) $ (0.82)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.34) $ (0.40) $ (0.64) $ (0.82)
Other comprehensive income (loss)        
Net unrealized gains (losses) on investments, net of tax $ (957) $ (2,999) $ (4,219) $ 1,036
Foreign currency translation adjustments (802) 586 (4,790) 586
Total other comprehensive income (loss) (1,759) (2,413) (9,009) 1,622
Comprehensive loss (645,149) (766,645) (1,333,258) (1,542,138)
Accretion of Series A redeemable convertible preferred stock (related party) 146,861 0 150,762 0
Comprehensive loss attributable to common stockholders $ (792,010) $ (766,645) $ (1,484,020) $ (1,542,138)