Annual report [Section 13 and 15(d), not S-K Item 405]

Segment Reporting - Schedule of Selected Financial Data by Business Segment (Details)

v3.25.4
Segment Reporting - Schedule of Selected Financial Data by Business Segment (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenues $ 335,381 $ 304,101 $ 243,800
Cost of sales 318,096 259,646 185,831
Selling, general and administrative 106,298 13,944 16,400
Transaction expenses 115 6  
Research and development 18,895 5,857 4,780
Reportable segment income (loss) from operations (142,708) 24,648 36,789
Other (income) expense, net (3,032) 350 (948)
Depreciation and amortization expense 30,519 10,474 10,548
Purchase accounting fair value adjustment related to inventory 13,645 0 0
Severance costs 2,890 787 72
Equity-based compensation expense 50,042 4,094 3,443
Transaction expenses 115 6  
Acquisition integration cost 1,140 385  
Disposal of long-lived assets 647    
(Gain) Loss on Sale of Investment, net   (1,255)  
Purchase accounting fair value adjustment related to deferred revenue     15
Reportable Segment Adjusted EBITDA (5,993) 38,789 51,815
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Interest income (expense) (39,704) (13,483) (10,699)
Depreciation and amortization expense (32,639) (11,692) (10,724)
Severance costs 3,789 867 313
Equity-based compensation expense (58,990) (11,326) (8,658)
Transaction expenses 21,236 9,129 13
All other corporate charges (38,102) (109,493) (49,143)
Loss on extinguishment of debt (996) 0 0
Impairment expense 34,685 0 0
Purchase accounting fair value adjustment related to inventory 13,645    
Acquisition integration cost (1,140) (385)  
Disposal of long-lived assets (647)    
Purchase accounting fair value adjustment related to deferred revenue     (15)
Income (loss) before income taxes (251,566) (116,331) (27,750)
Space      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenues 209,817 255,336 194,000
Cost of sales 202,482 222,927 149,298
Selling, general and administrative 19,093 11,971 13,008
Transaction expenses 0 6  
Research and development 2,977 4,333 4,073
Reportable segment income (loss) from operations (49,155) 16,099 27,621
Other (income) expense, net (4,041) 334 (687)
Depreciation and amortization expense 7,784 7,577 7,713
Purchase accounting fair value adjustment related to inventory 0    
Severance costs 2,817 724 99
Equity-based compensation expense 4,151 3,049 2,410
Transaction expenses 0 6  
Acquisition integration cost 593 385  
Disposal of long-lived assets 243    
(Gain) Loss on Sale of Investment, net   (1,255)  
Purchase accounting fair value adjustment related to deferred revenue     15
Reportable Segment Adjusted EBITDA 4,894 26,251 38,545
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Impairment expense 34,420    
Acquisition integration cost (593) (385)  
Disposal of long-lived assets (243)    
Purchase accounting fair value adjustment related to deferred revenue     (15)
Defense Tech      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenues 125,564 48,765 49,800
Cost of sales 115,614 36,719 36,533
Selling, general and administrative 87,205 1,973 3,392
Transaction expenses 115 0  
Research and development 15,918 1,524 707
Reportable segment income (loss) from operations (93,553) 8,549 9,168
Other (income) expense, net 1,009 16 (261)
Depreciation and amortization expense 22,735 2,897 2,835
Purchase accounting fair value adjustment related to inventory 13,645    
Severance costs 73 63 (27)
Equity-based compensation expense 45,891 1,045 1,033
Transaction expenses 115 0  
Acquisition integration cost 547 0  
Disposal of long-lived assets 404    
(Gain) Loss on Sale of Investment, net   0  
Purchase accounting fair value adjustment related to deferred revenue     0
Reportable Segment Adjusted EBITDA (10,887) 12,538 13,270
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]      
Impairment expense 265    
Acquisition integration cost (547) $ 0  
Disposal of long-lived assets $ (404)    
Purchase accounting fair value adjustment related to deferred revenue     $ 0