v3.26.1
Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Equity Equity
On January 27, 2025, the Company completed its IPO, issuing 70 million shares of Class A common stock, par value $0.01, at $25.00 per share. Net proceeds were $1.7 billion after underwriting discounts, commissions and offering expenses totaling $80 million. Prior to the completion of the IPO, approximately 1.97 billion Class A shares held by Venture Global Partners II, LLC were converted into an equal number of Class B shares.
As of June 30, 2026 and December 31, 2025, the Company had authorized for issuance 200 million shares of preferred stock, 4.4 billion shares of Class A common stock and 3.0 billion shares of Class B common stock.