Tailwind Two Acquisition Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property, Plant, and Equipment, net (Tables)

Property, Plant, and Equipment, net (Tables)

12 Months Ended

Dec. 31, 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:


	December 31,
(in thousands)	2022			2021
Machinery and equipment	$	13,066		$	7,607
Satellites		2,209			2,209
Ground station equipment		1,944			1,944
Office equipment and furniture		2,881			2,239
Computer equipment and software		317			142
Leasehold improvements		9,734			8,533
Construction-in-process		9,467			23,647
Property, plant, and equipment, gross		39,618			46,321
Accumulated depreciation		(14,875	)		(10,791	)
Property, plant, and equipment, net	$	24,743		$	35,530