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PROPERTY, PLANT AND EQUIPMENT, NET (Tables)
9 Months Ended
Sep. 30, 2022
Schedule of Property Plant and Equipment, Net

Property, plant and equipment, net, as of September 30, 2022 and December 31, 2021 consisted of the following:

 

 

 

September 30, 2022

 

 

December 31, 2021

 

Buildings and improvements

 

$

35,503

 

 

$

25,075

 

Machinery, equipment, vehicles and office furniture

 

 

51,238

 

 

 

24,848

 

Computer equipment, hardware and software

 

 

6,924

 

 

 

5,617

 

Launch site assets

 

 

11,625

 

 

 

9,611

 

Construction in process

 

 

18,702

 

 

 

22,379

 

Property, plant and equipment—gross

 

 

123,992

 

 

 

87,530

 

Less accumulated depreciation and amortization

 

 

(30,445

)

 

 

(22,191

)

Property, plant and equipment—net

 

$

93,547

 

 

$

65,339

 

Depreciation expense recorded in the condensed consolidated statements of operations and comprehensive loss during the three and nine months ended September 30, 2022 and 2021 consisted of the following:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Depreciation expense

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenues

 

$

3,476

 

 

$

1,091

 

 

$

9,234

 

 

$

3,068

 

Research and development

 

 

615

 

 

 

62

 

 

 

1,396

 

 

 

178

 

Selling, general and administrative

 

 

156

 

 

 

792

 

 

 

874

 

 

 

2,254

 

Total depreciation expense

 

$

4,247

 

 

$

1,945

 

 

$

11,504

 

 

$

5,500