Fixed Assets, net

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Fixed Assets, net

Fixed Assets, net

Fixed assets, net consists of the following:

	March 31, 2026		December 31, 2025
Leasehold improvements	$	20,631	$	17,417
Orbiting satellites	5,793		5,793
Machinery and equipment	23,111		17,407
Computer equipment	6,436		5,609
Software	2,783		2,701
Furniture and fixtures	4,379		3,907
Construction in process	10,991		12,559
Total fixed assets, at cost	74,124		65,393
Less: Total accumulated depreciation	(24,178)		(19,100)
Total fixed assets, net	$	49,946	$	46,293

Depreciation and amortization expense was $5.2 million and $1.9 million for the three months ended March 31, 2026 and 2025, respectively. There was no impairment recognized related to fixed assets during the three months ended March 31, 2026 or 2025.