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

Consolidated Statements of Operations

v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Flight services $ 136 $ 1,032 $ 0
Operating expenses:      
Flight services 67 200 0
Research and development (including related party purchases of $1,162, $1,667 and $1,600 for the years ended December 31, 2024, 2023, and 2022 respectively) 477,156 367,049 296,281
Selling, general and administrative (including related party purchases of $177, $286 and $360 for the years ended December 31, 2024, 2023 and 2022 respectively) 119,667 105,877 95,922
Total operating expenses 596,890 473,126 392,203
Loss from operations (596,754) (472,094) (392,203)
Interest and other income, net 42,822 45,561 16,787
Income from equity method investment 0 0 19,463
Gain (loss) from change in fair value of warrants and earnout shares (53,973) (86,378) 98,002
Total other income (loss), net (11,151) (40,817) 134,252
Loss before income taxes (607,905) (512,911) (257,951)
Income tax expense 129 139 92
Net loss $ (608,034) $ (513,050) $ (258,043)
Net loss per share, basic (in dollars per share) $ (0.87) $ (0.79) $ (0.44)
Net loss per share, diluted (in dollars per share) $ (0.87) $ (0.79) $ (0.44)
Weighted-average common shares outstanding, basic (in shares) 699,794,747 647,907,598 585,544,043
Weighted-average common shares outstanding, diluted (in shares) 699,794,747 647,907,598 585,544,043