FAIR VALUE MEASUREMENTS (Tables)
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6 Months Ended |
Jun. 30, 2021 |
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| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
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| Summary of gross holding losses and fair value of held-to-maturity securities |
| | | | | | | | | | | | | | | | | | | | | | | Gross | | | | | | | | | | Amortized | | Holding | | | | | | Held-To-Maturity | | Level | | Cost | | Gain | | Fair Value | | | | | | | | | | | | | | | December 31,2020 | | U.S. Treasury Securities (Matured on 2/25/2021) | | 1 | | $ | 1,035,848,884 | | $ | 22,518 | | $ | 1,035,871,402 |
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| Schedule of fair value hierarchy for liabilities measured at fair value on a recurring basis |
| | | | | | | | | | | | | As of June 30, 2021 | | | | | | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total | Warrant liabilities: | | | | | | | | | | | | | Public Warrants | | $ | 71,760,000 | | $ | — | | $ | — | | $ | 71,760,000 | Private Placement Warrants | | | — | | | — | | | 33,747,333 | | | 33,747,333 | Total warrant liabilities | | $ | 71,760,000 | | $ | — | | $ | 33,747,333 | | $ | 105,507,333 | Forward Purchase liability | | $ | — | | $ | — | | $ | 15,000,822 | | $ | 15,000,822 |
| | | | | | | | | | | | | As of December 31, 2020 | | | | | | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total | Warrant liabilities: | | | | | | | | | | | | | Public Warrants | | $ | 87,285,000 | | $ | — | | $ | — | | $ | 87,285,000 | Private Placement Warrants | | | — | | | — | | | 40,103,332 | | | 40,103,332 | Total warrant liabilities | | $ | 87,285,000 | | $ | — | | $ | 40,103,332 | | $ | 127,388,332 | Forward Purchase liability | | $ | — | | $ | — | | $ | 54,277,110 | | $ | 54,277,110 |
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| FPA liability |
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| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
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| Summary of the changes in the fair value of the liabilities, a Level 3 liability, measured on a recurring basis. |
| | | | | | Forward Purchase | | | Liability | Fair value, December 31, 2020 | | $ | 54,277,110 | Gain on change in fair value (1) | | | (34,305,798) | Fair value, March 31, 2021 | | | 19,971,312 | Gain on change in fair value (1) | | | (4,970,490) | Fair value, June 30, 2021 | | $ | 15,000,822 | | | | | Fair value, May 29, 2020 | | $ | — | Loss on change in fair value (1) | | | 18,909,921 | Fair value June 30, 2020 | | $ | 18,909,921 |
(1) Represents the non-cash (gain) loss on the change in valuation of the liability for the FPAs and is included in Change in fair value of forward purchase liability on the unaudited condensed consolidated statement of operations.
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| Private Placement Warrants |
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| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] |
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| Summary of the changes in the fair value of the liabilities, a Level 3 liability, measured on a recurring basis. |
| | | | | | Private Placement | | | Warrant Liability | Fair value, December 31, 2020 | | $ | 40,103,332 | Gain on change in fair value (1) | | | (14,830,666) | Fair value, March 31, 2021 | | | 25,272,666 | Loss on change in fair value (1) | | | 8,474,667 | Fair value, June 30, 2021 | | $ | 33,747,333 | | | | | Fair value, May 29, 2020 | | $ | 21,489,333 | Loss on change in fair value (1) | | | 3,480,666 | Fair value, June 30, 2020 | | $ | 24,969,999 |
(1) Represents the non-cash (gain) loss on the change in valuation of the Private Placement Warrants and is included in Change in fair value of warrant liability on the unaudited condensed statement of operations.
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