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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue (including $30,247 and $36,470 from a related party for the three months ended June 30, 2025 and 2024, and $35,343 and $87,836 for the six months ended June 30, 2025 and 2024, respectively) $ 259,432 $ 200,581 $ 494,480 $ 373,321
Costs and expenses        
Cost of revenue 531,783 470,355 995,343 875,151
Research and development 273,839 287,170 525,085 571,797
Selling, general and administrative 256,857 210,245 469,032 423,477
Restructuring charges 0 20,228 0 20,228
Total cost and expenses 1,062,479 987,998 1,989,460 1,890,653
Loss from operations (803,047) (787,417) (1,494,980) (1,517,332)
Other income (expense), net        
Change in fair value of common stock warrant liability 5,322 7,539 18,183 34,593
Change in fair value of equity securities of a related party 3,948 (9,390) (9,505) (29,323)
Change in fair value of derivative liabilities associated with redeemable convertible preferred stock (related party) 111,475 103,000 393,175 103,000
Gain on extinguishment of debt 116,360 0 116,360 0
Interest income 44,318 54,553 96,527 105,184
Interest expense (including $4,912 and $1,322 to a related party for the three months ended June 30, 2025 and 2024, and $8,612 and $2,703 for the six months ended June 30, 2025 and 2024, respectively) (23,749) (6,673) (35,632) (14,174)
Other income (expense), net 3,572 (5,067) 6,537 (6,074)
Total other income, net 261,246 143,962 585,645 193,206
Loss before provision for (benefit from) income taxes (541,801) (643,455) (909,335) (1,324,126)
Provision for (benefit from) income taxes (2,369) (65) (3,732) 123
Net loss (539,432) (643,390) (905,603) (1,324,249)
Accretion of redeemable convertible preferred stock (related party) (199,823) (146,861) (564,748) (150,762)
Net loss attributable to common stockholders, basic (739,255) (790,251) (1,470,351) (1,475,011)
Interest expense on 2026 Notes 309 0 4,283 0
Gain on extinguishment of debt (116,360) 0 (116,360) 0
Net loss attributable to common stockholders, diluted $ (855,306) $ (790,251) $ (1,582,428) $ (1,475,011)
Weighted-average shares outstanding attributable to common stockholders        
Basic (in shares) 3,056,404,834 2,310,360,525 3,046,411,837 2,306,209,050
Diluted (in shares) 3,057,882,724 2,310,360,525 3,056,708,079 2,306,209,050
Net loss per share attributable to common stockholders        
Basic (in dollars per share) $ (0.24) $ (0.34) $ (0.48) $ (0.64)
Diluted (in dollars per share) $ (0.28) $ (0.34) $ (0.52) $ (0.64)
Other comprehensive income (loss)        
Net unrealized gains (losses) on investments, net of tax $ 293 $ (957) $ 3,845 $ (4,219)
Foreign currency translation adjustments 8,973 (802) 12,870 (4,790)
Total other comprehensive income (loss) 9,266 (1,759) 16,715 (9,009)
Comprehensive loss (530,166) (645,149) (888,888) (1,333,258)
Accretion of redeemable convertible preferred stock (related party) (199,823) (146,861) (564,748) (150,762)
Comprehensive loss attributable to common stockholders $ (729,989) $ (792,010) $ (1,453,636) $ (1,484,020)