Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 231,624	$ 582,606
Restricted cash	11,741	2,733
Trade and other receivables, net	105,788	12,193
Contract assets	48,022	12,236
Inventory, net	57,873	0
Advances to suppliers	25,896	3,353
Prepaid and other current assets	24,334	5,693
Total current assets	505,278	618,814
Orbital receivables, non-current	217,518	0
Property and equipment, net	244,220	68,550
Intangible assets, net	304,130	12,968
Goodwill	379,840	18,697
Operating lease right-of-use assets	66,032	36,755
Finance lease right-of-use assets	86	94
Other assets	843	1,276
Total assets	1,717,947	757,154
Current liabilities
Contract liabilities, current	205,575	57,368
Operating lease liabilities, current	27,698	10,466
Finance lease liabilities, current	33	48
Other current liabilities	90,416	33,028
Total current liabilities	415,462	124,832
Long-term debt, net	335,844	335,335
Contract liabilities, non-current	2,731	6,341
Pension and other postretirement benefits	52,030	0
Operating lease liabilities, non-current	62,793	26,290
Finance lease liabilities, non-current	24	20
Warrant liabilities	69,816	60,394
Other non-current liabilities	48,092	240
Total liabilities	986,792	553,452
Commitments and contingencies (Note 18)
MEZZANINE EQUITY
Series A preferred stock subject to possible redemption, $0.0001 par value, 25,000,000 shares authorized, 5,000 and 5,000 shares issued and outstanding	6,776	6,613
Redeemable noncontrolling interests	1,057,816	951,536
SHAREHOLDERS’ DEFICIT
Treasury stock, at cost, 2,191,080 shares	(33,525)	(33,525)
Paid-in capital	0	0
Accumulated deficit	(300,794)	(721,457)
Total shareholders’ deficit attributable to the Company	(334,297)	(754,964)
Noncontrolling interests	860	517
Total shareholders’ deficit	(333,437)	(754,447)
Total liabilities, mezzanine equity and shareholders’ deficit	1,717,947	757,154
Class A Common Stock
SHAREHOLDERS’ DEFICIT
Common stock	16	12
Class B Common Stock
SHAREHOLDERS’ DEFICIT
Common stock	0	0
Class C Common Stock
SHAREHOLDERS’ DEFICIT
Common stock	6	6
Nonrelated Party
Current liabilities
Accounts payable and accrued expenses	89,335	22,199
Affiliated Entity
Current liabilities
Accounts payable and accrued expenses	$ 2,405	$ 1,723