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Fair Value of Financial Assets and Liabilities (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Oct. 31, 2021 | Sep. 30, 2021 | Jan. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Schedule of quantitative information associated with fair value measurements |  | The following table provides quantitative information regarding Level 3 f a ir value measurements inputs as their measurement dates:
|  | As of September 30, 2021 |
Exercise price |  | $ | 11.50 |
Stock price |  | $ | 9.91 |
Volatility |  |  | 26.6% - 45.2 | %
Term |  |  | 5.17 |
Risk-free rate |  |  | 1.0 | %
Dividend yield |  |  | 0.0 | %
Planet Labs Inc [Member] |  |  |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |  |  |
Schedule of assets and liabilities measured on recurring basis at fair value | The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis for recognition or disclosure purposes as of October 31, 2021 and January 31, 2021 by level within the fair value hierarchy. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires management to make judgments and considers factors specific to the asset or liability.
|  | October 31, 2021 |
(in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: money market funds |  | $ | 37,535 |  |  | $ | — |  |  | $ | — |
Restricted cash: money market funds |  |  | 5,875 |  |  |  | — |  |  |  | — |
Total assets |  |  | 43,410 |  |  |  | — |  |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Convertible notes |  |  | — |  |  |  | — |  |  |  | 109,953 |
Preferred stock warrant liability |  |  | — |  |  |  | — |  |  |  | 14,047 |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | 124,000 |
|  | January 31, 2021 |
(in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: money market funds |  | $ | 50,449 |  |  | $ | — |  |  | $ | — |
Restricted cash: money market funds |  |  | 5,165 |  |  |  | — |  |  |  | — |
Total assets |  |  | 55,614 |  |  |  | — |  |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Convertible notes |  |  | — |  |  |  | — |  |  |  | 101,212 |
Preferred stock warrant liability |  |  | — |  |  |  | — |  |  |  | 11,359 |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | 112,571 |
|  | The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis for recognition or disclosure purposes as of January 31, 2021 and 2020 by level within the fair value hierarchy. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires management to make judgments and considers factors specific to the asset or liability.
|  | January 31, 2021 |
(in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: money market funds |  | $ | 50,449 |  |  | $ | — |  |  | $ | — |
Restricted cash: money market funds |  |  | 5,165 |  |  |  | — |  |  |  | — |
Total assets |  | $ | 55,614 |  |  | $ | — |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Convertible notes |  | $ | — |  |  | $ | — |  |  | $ | 101,212 |
Preferred stock warrant liability |  |  | — |  |  |  | — |  |  |  | 11,359 |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | 112,571 |
|  | January 31, 2020 |
(in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: money market funds |  | $ | 13,991 |  |  | $ | — |  |  | $ | — |
Restricted cash: money market funds |  |  | 5,886 |  |  |  | — |  |  |  | — |
Total assets |  | $ | 19,877 |  |  | $ | — |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Convertible notes |  | $ | — |  |  | $ | — |  |  | $ | 10,804 |
Preferred stock warrant liability |  |  | — |  |  |  | — |  |  |  | 3,849 |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | 14,653 |
Schedule of quantitative information associated with fair value measurements | The following table provides quantitative information associated with the fair value measurements of the Company’s Level 3 inputs:
|  | Fair Value as of October 31, 2021 |  |  | Valuation Technique |  | Unobservable Input Description |  | Input
|  | (in thousands) |  |  |  |  |  |  |
Convertible Notes |  |  | $109,953 |  |  | Market approach |  | Probability of Conversion upon Business Combination |  | 100%
|  |  |  |  |  |  |  | Discount for lack of marketability |  | 5%
Preferred Stock Warrant Liability |  |  | 14,047 |  |  | Black-Scholes |  | Expected Term |  | 8.4 years
|  |  |  |  |  |  |  | Volatility |  | 60%
|  |  |  |  |  |  |  | Risk-free interest rate |  | 1.49%
|  |  |  |  |  |  |  | Dividend yield |  | 0%
|  |  |  |  |  | Market approach |  | Probability of Conversion upon Business Combination |  | 100%
|  |  |  |  |  |  |  | Discount for lack of marketability |  | 5%
|  | Fair value as of January 31, 2021 |  |  | Valuation Technique |  | Unobservable Input Description |  | Input
|  | (in thousands) |  |  |  |  |  |  |
Convertible Notes |  | $ | 101,212 |  |  | Probability-weighted |  | Estimated time to liquidation |  | 0.2-.5 years
|  |  |  |  |  |  |  | Volatility |  | 35.00%
|  |  |  |  |  |  |  | Discount Yield |  | 16.00%
|  |  |  |  |  |  |  | Risk-free interest rate |  | 0.06%
Preferred Stock Warrant Liability |  |  | 11,359 |  |  | Option Pricing Method |  | Term |  | 0.5-1.75 years
|  |  |  |  |  |  |  | Volatility |  | 60.00%
|  |  |  |  |  |  |  | Discount for lack of marketability |  | 10%- 17%
|  | The following table provides quantitative information associated with the fair value measurements of the Company’s Level 3 inputs:
|  | Fair Value as of January 31, 2021 |  |  | Valuation Technique |  |  | Unobservable Input Description |  | Input
|  | (in thousands) |  |  |  |  |  |  |  |
Convertible Notes |  | $ | 101,212 |  |  |  | Probability-weighted |  |  | Estimated time to liquidation |  | 0.2-.5 years
|  |  |  |  |  |  |  |  |  | Volatility |  | 35.0%
|  |  |  |  |  |  |  |  |  | Discount Yield |  | 16.0%
|  |  |  |  |  |  |  |  |  | Risk-free interest rate |  | 0.1%
Preferred Stock Warrant Liability |  |  | 11,359 |  |  |  | Option Pricing Method |  |  | Term |  | 0.5-1.75 years
|  |  |  |  |  |  |  |  |  | Volatility |  | 60%
|  |  |  |  |  |  |  |  |  | Discount for lack of marketability |  | 10%- 17%
|  | Fair Value as of January 31, 2020 |  |  | Valuation Technique |  |  | Unobservable Input Description |  | Input
|  | (in thousands) |  |  |  |  |  |  |  |
Convertible Notes |  | $ | 10,804 |  |  |  | Probability-weighted |  |  | Estimated time to liquidation |  | 2.0 years
|  |  |  |  |  |  |  |  |  | Discount Yield |  | 27.6%
|  |  |  |  |  |  |  |  |  | Risk-free interest rate |  | 1.6%
Preferred Stock Warrant Liability |  |  | 3,849 |  |  |  | Option Pricing Method |  |  | Term |  | 2.0 years
|  |  |  |  |  |  |  |  |  | Volatility |  | 60.0%
|  |  |  |  |  |  |  |  |  | Discount for lack of marketability |  | 25.0%
|  |  |  |  |  |  |  |  |  | Risk-free interest rate |  | 1.6%
Schedule fair value liabilities measured on recurring basis reconciliation | The following table presents changes in Level 3 liabilities measured at fair value for the nine months ended October 31, 2021 and 2020:
(in thousands) |  | Convertible Notes |  |  | Preferred Stock Warrant Liability |
Fair value, January 31, 2020 |  | $ | 10,804 |  |  | $ | 3,849 |
Issuance |  |  | 68,528 |  |  |  | 2,596 |
Extinguishment |  |  | (3,260 | ) |  |  | — |
Change in fair value |  |  | 15,346 |  |  |  | 1,167 |
Fair value at end of period, October 31, 2020 |  | $ | 91,418 |  |  | $ | 7,612 |
Fair value, January 31, 2021 |  | $ | 101,212 |  |  | $ | 11,359 |
Change in fair value |  |  | 8,741 |  |  |  | 2,688 |
Fair value at end of period, October 31, 2021 |  | $ | 109,953 |  |  | $ | 14,047 |
|  | The following table presents changes in Level 3 liabilities measured at fair value for the years ended January 31, 2021 and 2020:
(in thousands) |  | Convertible Notes |  |  | Preferred Stock Warrant Liability |
Fair value, February 1, 2019 |  | $ | — |  |  | $ | 3,897 |
Issuance |  |  | 10,963 |  |  |  | — |
Change in fair value |  |  | (159 | ) |  |  | (48 | )
Fair value at end of year, January 31, 2020 |  |  | 10,804 |  |  |  | 3,849 |
Issuance |  |  | 68,529 |  |  |  | 2,596 |
Extinguishment |  |  | (3,260 | ) |  |  | — |
Change in fair value |  |  | 25,139 |  |  |  | 4,914 |
Fair value at end of year, January 31, 2021 |  | $ | 101,212 |  |  | $ | 11,359 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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