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Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on a Recurring Basis

The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):


		As of March 31, 2025
		Level 1				Level 2				Level 3
Assets:
Cash equivalents		$	853,599			$	-			$	-
Total assets measured at fair value		$	853,599			$	-			$	-

Liabilities:
Private placement warrant liability			-				-				44,453
Total liabilities measured at fair value		$	-			$	-			$	44,453


		As of December 31, 2024
		Level 1				Level 2				Level 3
Assets:
Cash equivalents		$	510,424			$	-			$	-
Total assets measured at fair value		$	510,424			$	-			$	-

Liabilities:
Private placement warrant liability			-				-				41,248
Total liabilities measured at fair value		$	-			$	-			$	41,248