CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents		$ 997,827	$ 1,606,865
Short-term investments (including $50,000 and $15,000 associated with a related party as of December 31, 2025 and 2024, respectively)		631,093	2,424,103
Accounts receivable, net (including $120,540 and $57,909 from a related party as of December 31, 2025 and 2024, respectively)		177,162	112,025
Inventory		1,109,529	407,774
Prepaid expenses		59,606	52,951
Other current assets (including nil and $34,503 associated with a related party as of December 31, 2025 and 2024, respectively)		324,434	270,218
Total current assets		3,299,651	4,873,936
Property, plant and equipment, net		3,978,132	3,262,612
Right-of-use assets		241,974	211,886
Long-term investments (including $24,259 and $57,831 associated with a related party as of December 31, 2025 and 2024, respectively)		512,241	1,050,054
Other noncurrent assets		354,983	249,443
TOTAL ASSETS		8,386,981	9,647,931
Current liabilities:
Accounts payable		487,521	133,832
Finance lease liabilities, current portion		84,222	6,788
Current portion of debt		671,746	126,417
Other current liabilities (including $81,580 and nil associated with a related party as of December 31, 2025 and 2024, respectively)		1,392,641	898,254
Total current liabilities		2,636,130	1,165,291
Finance lease liabilities, net of current portion		104,559	76,096
Debt, net of current portion		2,046,576	2,002,151
Other long-term liabilities (including $123,198 and $121,136 associated with related parties as of December 31, 2025 and 2024, respectively)		582,739	592,314
Derivative liabilities associated with redeemable convertible preferred stock (related party)		16,200	639,425
Total liabilities		5,386,204	4,475,277
Commitments and contingencies (Note 12)
REDEEMABLE CONVERTIBLE PREFERRED STOCK
Redeemable convertible preferred stock, (related party)		2,283,490	1,299,842
STOCKHOLDERS’ EQUITY
Common stock, par value $0.0001; 1,500,000,000 shares authorized as of December 31, 2025 and 2024; [300,000,000] and 303,221,972 shares issued and [310,000,000] and 303,136,190 shares outstanding as of December 31, 2025 and 2024, respectively	[1]	33	30
Additional paid-in capital		16,337,023	16,808,291
Treasury stock, at cost, 85,782 shares at December 31, 2025 and 2024	[1]	(20,716)	(20,716)
Accumulated other comprehensive income (loss)		11,692	(2,099)
Accumulated deficit		(15,610,745)	(12,912,694)
Total stockholders’ equity		717,287	3,872,812
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY		8,386,981	9,647,931
Series A Derivative Liability
REDEEMABLE CONVERTIBLE PREFERRED STOCK
Redeemable convertible preferred stock, (related party)		1,339,641	730,025
Series B Derivative Liability
REDEEMABLE CONVERTIBLE PREFERRED STOCK
Redeemable convertible preferred stock, (related party)		$ 943,849	$ 569,817

[1] The number of shares of common stock and treasury stock have been adjusted for the prior period presented to reflect the one-for-ten (1:10) reverse stock split effected on August 29, 2025. See Note 2 “Summary of Significant Accounting Policies” for more information.