Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash flows from operating activities:
Net income (loss)	$ (52,528)	$ 975
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	13,048	623
Bad debt expense	357	0
Amortization of debt discount and issuance costs	277	0
Share-based compensation expense	8,842	2,844
Change in fair value of earn-out liabilities	0	33,369
Change in fair value of warrant liabilities	9,422	(43,002)
Change in fair value of contingent consideration liabilities	521	0
Other	(1,927)	194
Changes in operating assets and liabilities:
Inventory, net	(1,726)	0
Contract assets	(12,642)	13,077
Prepaid expenses	(17,685)	(1,576)
Orbital receivables, net	7,689	0
Other assets, net	3,012	547
Accounts payable and accrued expenses	26,483	5,856
Accounts payable – affiliated companies	682	1,789
Contract liabilities – current and long-term	(17,119)	(8,626)
Securitization liabilities	(2,692)	0
Pension and other postretirement benefits	(2,763)	0
Other liabilities	(17,294)	(2,069)
Net cash provided by (used in) operating activities	(54,768)	19,419
Cash flows from investing activities:
Purchase of property and equipment	(9,876)	(6,122)
Purchase of intangible assets	(444,779)	0
Net cash used in investing activities	(454,655)	(6,122)
Cash flows from financing activities:
Warrants exercised	0	176,620
Redemption of warrants	0	(66)
Transaction costs related to the issuance of securities	(7,550)	0
Repurchase of Class A Common Stock	0	(20,700)
Proceeds from issuance of securities	175,000	0
Payment of withholding taxes from share-based awards	(1)	(3,505)
Net cash provided by financing activities	167,449	152,349
Net increase (decrease) in cash, cash equivalents and restricted cash	(341,974)	165,646
Cash, cash equivalents and restricted cash at beginning of the period	585,339	209,649
Cash, cash equivalents and restricted cash at end of the period	243,365	375,295
Less: restricted cash	11,741	2,042
Cash and cash equivalents	231,624	373,253
Supplemental disclosure of cash flow information
Cash paid for interest	23	0
Cash paid for taxes	70	66
Accrued capital expenditures	10,092	930
Noncash investing and financing activities
Class A Common Stock issued in acquisition, at fair value	403,952	0
Issuance of Class C Common Stock related to earn-out awards (Note 16)	0	167,525
Preferred dividends	(162)	(147)
Nonrelated Party
Changes in operating assets and liabilities:
Trade and other receivables, net	$ 1,275	$ 15,418