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PROPERTY, PLANT AND EQUIPMENT, NET (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property Plant and Equipment, Net

Property, plant and equipment, net, as of December 31, 2023 and 2022 consisted of the following:

 

 

December 31,

 

 

 

2023

 

 

2022

 

Buildings and improvements

 

$

59,730

 

 

$

36,493

 

Machinery, equipment, vehicles and office furniture

 

 

82,973

 

 

 

54,300

 

Computer equipment, hardware and software

 

 

11,624

 

 

 

7,517

 

Launch site assets

 

 

14,193

 

 

 

12,822

 

Construction in process

 

 

25,999

 

 

 

26,771

 

Property, plant and equipment—gross

 

 

194,519

 

 

 

137,903

 

Less accumulated depreciation and amortization

 

 

(49,110

)

 

 

(36,389

)

Property, plant and equipment—net

 

$

145,409

 

 

$

101,514

 

Depreciation expense recorded in the consolidated statements of operations and comprehensive loss during the years ended December 31, 2023, 2022 and 2021 consisted of the following:

 

 

Years Ended December 31,

 

Depreciation expense

 

2023

 

 

2022

 

 

2021

 

Cost of revenues

 

$

8,481

 

 

$

12,867

 

 

$

4,608

 

Research and development

 

 

4,700

 

 

 

1,981

 

 

 

585

 

Selling, general and administrative

 

 

2,226

 

 

 

1,310

 

 

 

2,337

 

Total depreciation expense

 

$

15,407

 

 

$

16,158

 

 

$

7,530