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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,724.0 $ 834.5
Restricted cash 6.5 6.8
Prepaid expenses 22.8 12.5
Other current assets 3.7 4.6
Total current assets 1,757.0 858.4
Property and equipment, net 148.1 126.8
Intangible assets, net 5.5 0.3
Right-of-use assets 11.0 8.1
Other long-term assets 16.7 7.6
Total assets 1,938.3 1,001.2
Current liabilities    
Accounts payable 22.7 14.6
Current portion of lease liabilities 4.5 3.7
Accrued expenses and other current liabilities 51.6 52.8
Total current liabilities 78.8 71.1
Notes payable 64.1 64.0
Lease liabilities, net of current portion 13.0 11.3
Warrant liabilities 87.6 89.4
Other long-term liabilities 13.9 12.8
Total liabilities 257.4 248.6
Commitments and contingencies (Note 7)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0.0 0.0
Additional paid-in capital 3,665.9 2,438.4
Accumulated deficit (1,985.0) (1,685.6)
Accumulated other comprehensive loss (0.1) (0.3)
Total stockholders’ equity 1,680.9 752.6
Total liabilities and stockholders’ equity 1,938.3 1,001.2
Class A    
Stockholders’ equity    
Common stock 0.1 0.1
Class B    
Stockholders’ equity    
Common stock $ 0.0 $ 0.0