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Property, Plant, and Equipment, net (Tables)
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Summary of Estimated Useful Lives of Assets Depreciation expense is calculated using the sum-of-the-years’ digits or straight-line method over the estimated useful lives of the related assets as follows:

 

Machinery and equipment

 

5-7 years

Satellites

 

3-5 years

Ground station equipment

 

5-7 years

Office equipment and furniture

 

5-7 years

Computer equipment and software

 

3-5 years

Leasehold improvements

 

Shorter of the estimated useful life or remaining lease term

Schedule of Property, Plant, and Equipment, net

The gross carrying amount, accumulated depreciation, and net carrying amount of property, plant, and equipment, net as of the dates presented were as follows:

 

(in thousands)

 

June 30, 2024

 

 

December 31, 2023

 

Machinery and equipment

 

$

34,657

 

 

$

28,321

 

Satellites

 

 

2,209

 

 

 

2,209

 

Ground station equipment

 

 

2,095

 

 

 

2,095

 

Office equipment and furniture

 

 

4,293

 

 

 

4,621

 

Software

 

 

2,907

 

 

 

1,582

 

Leasehold improvements

 

 

21,866

 

 

 

21,800

 

Construction-in-process

 

 

9,038

 

 

 

9,210

 

Property, plant, and equipment, gross

 

 

77,065

 

 

 

69,838

 

Accumulated depreciation

 

 

(29,406

)

 

 

(23,389

)

Property, plant, and equipment, net

 

$

47,659

 

 

$

46,449