Revenue (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table provides information about disaggregated revenue for the three and nine months ended September 30, 2025 and 2024 (in thousands):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2025				2024				2025				2024
Revenue by contract type
Fixed price	$	30,275	58	%	$	23,097	39	%	$	95,992	58	%	$	52,759	30	%
Cost reimbursable	19,190		36	%	33,844		58	%	62,877		38	%	115,581		67	%
Time and materials	1,522		3	%	1,537		3	%	4,955		3	%	4,998		3	%
Revenue from contracts with customers	50,987		97	%	58,478		100	%	163,824		99	%	173,338		100	%
Grant revenue	1,450		3	%	—		—	%	1,450		1	%	—		—	%
Total revenue	$	52,437	100	%	$	58,478	100	%	$	165,274	100	%	$	173,338	100	%

Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable

The following table presents contract assets as of September 30, 2025 and December 31, 2024 (in thousands):

	September 30, 2025		December 31, 2024
Contract assets
Unbilled receivables	$	7,151	$	18,113
Deferred contract costs	3,024		16,479
Total	$	10,175	$	34,592

The following table presents contract liabilities as of September 30, 2025 and December 31, 2024 (in thousands):

	September 30, 2025		December 31, 2024
Contract liabilities – current
Deferred revenue	$	56,438	$	54,803
Contract loss provision	9,165		7,890
Accrued launch costs	555		2,491
Total contract liabilities – current	66,158		65,184
Contract liabilities – long-term
Deferred revenue	—		14,334
Contract loss provision	1,636		—
Total contract liabilities – long-term	1,636		14,334
Total contract liabilities	$	67,794	$	79,518