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Derivative Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Liabilities Measured at Fair Value on Recurring Basis | The components of derivative liabilities measured at fair value on a recurring basis were as follows (in millions):
|  |  | As of |
| Fair value level |  | June 30, 2025 |  | December 31, 2024 |
Public warrants | Level 1 |  | $ | 11 |  |  | $ | 13 |  |
Private placement warrants | Level 2 |  | 7 |  |  | 9 |  |
Common stock warrants |  |  | 18 |  |  | 22 |  |
Earnout share liabilities | Level 3 |  | 23 |  |  | 26 |  |
Total derivative liabilities |  |  | $ | 41 |  |  | $ | 48 |  |
Schedule of Valuation Inputs of the Earnout Share Liability | The valuation inputs utilized in determining the earnout share liability were as follows:
|  | As of |
|  | June 30, 2025 |  | December 31, 2024 |
Risk-free interest rates |  | 3.9 | % |  | 4.5 | % |
Expected term (in years) |  | 6.3 |  |  | 6.8 |  |
Expected volatility |  | 88.0 | % |  | 64.0 | % |
Schedule of Fair Value of Derivative Liabilities | The components of change in fair value of derivative liabilities were as follows (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |
Common stock warrants |  | $ | 11 |  |  | $ | 1 |  |  | $ | 4 |  |  | $ | 6 |  |  |  |
Earnout share liabilities |  | 5 |  |  | — |  |  | 3 |  |  | 7 |  |  |  |
Change in fair value of derivative liabilities |  | $ | 16 |  |  | $ | 1 |  |  | $ | 7 |  |  | $ | 13 |  |  |  |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of derivative liabilities at fair value. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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