Tailwind Two Acquisition Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment, net (Tables)

Property, Plant, and Equipment, net (Tables)

9 Months Ended

Sep. 30, 2022

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)	September 30, 2022			December 31, 2021
Machinery and equipment	$	10,106		$	7,607
Satellites		2,209			2,209
Ground station equipment		1,944			1,944
Office equipment and furniture		2,695			2,239
Computer equipment and software		133			142
Leasehold improvements		9,073			8,533
Construction-in-process		36,307			23,647
Property, plant, and equipment, gross		62,467			46,321
Accumulated depreciation		(13,603	)		(10,791	)
Property, plant, and equipment, net	$	48,864		$	35,530