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INVENTORY (Tables)
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Summary of Components of Inventory

The following table summarizes the components of the Company’s inventory for each of the periods indicated:

 

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Raw materials

 

$

280,045

 

 

$

133,963

 

Work in progress

 

 

610,692

 

 

 

318,458

 

Finished goods

 

 

47,209

 

 

 

61,806

 

Total inventory

 

$

937,946

 

 

$

514,227

 

Summary of Inventory Balance Sheet Classification

The following table summarizes the balance sheet classification of the Company's inventory for each of the periods indicated:

 

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Balance sheet classification

 

 

 

 

 

 

Inventory

 

$

749,960

 

 

$

322,859

 

Non-current inventory

 

 

187,986

 

 

 

191,368

 

Total inventory

 

$

937,946

 

 

$

514,227