Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Flight services $ 1,032 $ 0 $ 0
Operating expenses:      
Flight services 200 0 0
Research and development (including related party purchases of $1,667, $1,600 and $2,339 for the years ended December 31, 2023, 2022, and 2021 respectively) 367,049 296,281 197,568
Selling, general and administrative (including related party purchases of $286, $360 and $533 for the years ended December 31, 2023, 2022 and 2021 respectively) 105,877 95,922 61,521
Total operating expenses 473,126 392,203 259,089
Loss from operations (472,094) (392,203) (259,089)
Interest and other income (loss), net 45,561 16,787 (1,278)
Income from equity method investment 0 19,463 29,405
Transaction expenses related to merger 0 0 (9,087)
Gain (loss) from change in fair value of warrants and earnout shares (86,378) 98,002 49,853
Convertible note extinguishment loss 0 0 (665)
Total other income (loss), net (40,817) 134,252 68,228
Loss before income taxes (512,911) (257,951) (190,861)
Income tax expense (benefit) 139 92 (10,537)
Net loss $ (513,050) $ (258,043) $ (180,324)
Net loss per share, basic (in dollars per share) $ (0.79) $ (0.44) $ (0.61)
Net loss per share, diluted (in dollars per share) $ (0.79) $ (0.44) $ (0.61)
Weighted-average common shares outstanding, basic (in shares) 647,907,598 585,544,043 294,851,732
Weighted-average common shares outstanding, diluted (in shares) 647,907,598 585,544,043 294,851,732