Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation - Additional Information (Details)

v3.23.1
Share-Based Compensation - Additional Information (Details) - USD ($)
1 Months Ended 12 Months Ended
May 31, 2020
Dec. 31, 2022
Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Contractual term   4 years 2 months 19 days 5 years 4 months 20 days
Share-based compensation expense   $ 51,082,000 $ 678,000
Risk-free interest rate, minimum   0.95%  
Risk-free interest rate, maximum   0.95%  
Weighted-average period expected to be recognized   1 year 7 months 6 days  
Intrinsic value of stock options exercised   $ 1,500,000 1,900,000
Unrecognized compensation cost related to stock options   $ 256,000  
Minimum      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Dividend yield   0.00%  
Expected dividend yield   0.00%  
Maximum      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Dividend yield   0.00%  
Expected dividend yield   0.00%  
Restricted Stock Units      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Share-based compensation expense   $ 26,046,000 225,000
Granted   12,222,158  
Unrecognize share-based compensation expense   $ 42,400,000  
Weighted-average period expected to be recognized   1 year 8 months 12 days  
Fair value of the respective vesting dates   $ 57,300,000 $ 0
Weighted-average grant date fair value   $ 3.46 $ 3.03
RSUs vested   5,640,155  
Unvested RSAs   15,982,694 14,802,798
Incremental share-based compensation cost to be recognized as a result of plan modification   $ 445,000  
Incremental share-based compensation expense     $ 0
Restricted Stock Units | Minimum      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Vesting period   1 year  
Restricted Stock Units | Maximum      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Vesting period   4 years  
Restricted Stock Units | Cost of Sales      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Share-based compensation expense   $ 2,100,000  
Restricted Stock Units | Selling, General and Administrative Expenses      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Share-based compensation expense   $ 15,100,000  
Retention Restricted Stock Units      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Number of shares authorized for issuance   5,440,438  
Share-based compensation expense   $ 24,763,000  
Vesting rights   that will generally vest on the later to occur of: (i) the first anniversary of the consummation of the Tailwind Two Merger and (ii) the trading price of the Company’s common stock equaling or exceeding $11.00 or $13.00, as applicable, for any 20 trading days within any consecutive 30-trading day period. The Retention RSUs expire five years from the Tailwind Two Merger if unvested. The derived service period for the majority of the Retention RSUs was estimated to be less than one year from the date of the Tailwind Two Merger based on the median weighted-average triggering event period determined using the Monte Carlo simulation model. As such, the share-based compensation expense associated with the Retention RSUs is generally recognized over a one-year period beginning from the consummation of the Tailwind Two Merger. In addition, the grant date fair value of the Retention RSUs was determined using the Monte Carlo simulation model using the following significant inputs and assumptions as of the valuation date: (i) the price per share of Terran Orbital Corporation’s common stock, (ii) a risk-free interest rate ranging from 1.61% to 2.88%, (iii) a dividend yield of 0%, (iv) an estimated volatility of 40%, and (v) a discount for lack of marketability ranging from 4.50% to 6.50% for Retention RSUs granted prior to the Tailwind Two Merger.  
Expiration period   5 years  
RSUs retention recognized period   1 year  
Risk-free interest rate, minimum   1.61%  
Risk-free interest rate, maximum   2.88%  
Dividend yield   0.00%  
Estimated volatility   40.00%  
Granted   5,718,858 0
Unrecognize share-based compensation expense   $ 7,900,000  
Weighted-average period expected to be recognized   2 months 12 days  
Expected dividend yield   0.00%  
Weighted-average grant date fair value   $ 7.98  
Unvested RSAs   4,135,052  
Retention Restricted Stock Units | Minimum      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Discount for lack of marketability   4.50%  
Retention Restricted Stock Units | Maximum      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Discount for lack of marketability   6.50%  
Stock Options      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Contractual term   10 years  
Number of Options, Granted   0 0
Share-based compensation expense   $ 273,000 $ 416,000
Stock Options | Minimum      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Vesting period   2 years  
Stock Options | Maximum      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Vesting period   4 years  
Tailwind Two Merger | Restricted Stock Units      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Share-based compensation expense   $ 17,200,000  
2021 Plan      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Number of shares authorized for issuance   13,729,546  
Percentage of aggregate common stock outstanding   3.00%  
2021 Plan | RSUs and Options      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Number of awards outstanding   12,500,000  
PredaSAR Plan      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Vesting period 5 years    
Number of Options, Granted     0
2014 Plan      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Granted     823,000
Weighted-average grant date fair value     $ 2.90