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

Property And Equipment???net

v3.25.1
Property And Equipment—net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property And Equipment—net
8. Property and Equipment - net
The following summarizes property and equipment - net as of:
December 31, December 31,
2024 2023
(in thousands)
Satellites $ 107,004  $ 125,124 
Software 32,587 20,384
Office furniture and fixtures 9,171 4,039
Production and engineering equipment 2,986 —
Software development in process 3,656 2,673
Site equipment 2,502 2,557
Computer equipment 1,578 1,642
Other equipment 812 811
Total 160,296 157,230
Less: accumulated depreciation (114,683) (90,114)
Property and equipment — net $ 45,613  $ 67,116 
Depreciation of property and equipment was $42.9 million for each of the years ended December 31, 2024 and 2023.