
	As of:
	June 30, 2023		December 31, 2022
Globalstar System:
Space component	$	1,246,343	$	1,246,343

Ground component	99,585		102,567
Construction in progress:
Space component	190,611		110,068
Ground component	11,211		5,316
Other	8,444		9,167
Total Globalstar System	1,556,194		1,473,461
Internally developed and purchased software	23,225		22,509
Equipment	9,312		8,042
Land and buildings	1,816		1,681
Leasehold improvements	2,085		2,083
Total property and equipment	1,592,632		1,507,776
Accumulated depreciation	(987,130)		(947,405)
Total property and equipment, net	$	605,502	$	560,371

In 2022, the Company entered into an agreement with MDA for the purchase of new satellites that will replenish the Company's existing satellite constellation. This agreement has an initial contract price of $327 million, of which $166.0 million had been incurred as of June 30, 2023 and $98.5 million as of December 31, 2022. The "space component" of construction in progress in the table above includes costs incurred under the MDA contract as well as associated personnel costs and capitalized interest. Accrued satellite construction costs on the Company's condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022 included $54.2 million and $36.1 million, respectively, of work completed, but not yet invoiced, under the satellite procurement agreement. As of June 30, 2023 and December 31, 2022, the Company also recorded $8.1 million and $11.5 million, respectively, as prepaid satellite construction costs for the first milestone payment made upon signing of the contract; these costs are recorded in Prepaid satellite construction costs and customer receivable on the Company's condensed consolidated balance sheets.