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Fair Value Measurements (Tables) | 3 Months Ended | 11 Months Ended
--- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020
Fair Value Disclosures [Abstract] |  |
Summary of Fair Value Measurements | The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at March 31, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.
|  | Level |  |  | March 31, 2021 |  |  | December 31, 2020 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Warrant Liability – Public Warrants |  |  | 1 |  |  | $ | 17,990,000 |  |  | $ | 35,604,000 |
Warrant Liability – Private Placement Warrants |  |  | 3 |  |  | $ | 15,111,600 |  |  | $ | 17,990,000 |
FPA Liability |  |  | 3 |  |  | $ | 1,650,000 |  |  | $ | 4,225,000 |
| The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.
|  | Level |  |  | December 31, 2020 |
Assets: |  |  |  |  |  |  |  |
Marketable securities held in Trust Account |  |  | 1 |  |  | $ | 414,228,281 |
Liabilities: |  |  |  |  |  |  |  |
Warrant Liability – Public Warrants |  |  | 1 |  |  | $ | 35,604,000 |
Warrant Liability – Private Placement Warrants |  |  | 3 |  |  | $ | 17,990,000 |
FPA Liability |  |  | 3 |  |  | $ | 4,225,000 |
Summary of warrants | The following table presents the changes in the fair value of warrant liabilities:
|  | Private Placement |  |  | Public |  |  | Total Warrant Liabilities |
Fair value as of January 1, 2021 |  | $ | 17,990,000 |  |  | $ | 35,604,000 |  |  | $ | 53,594,000 |
Change in fair value |  |  | (2,878,400 | ) |  |  | (5,589,000 | ) |  |  | (8,467,400 | )
Fair value as of March 31, 2021 |  | $ | 15,111,600 |  |  | $ | 30,015,000 |  |  | $ | 45,126,600 |
The following table presents the changes in the fair value of FPA liability:
|  | Private Placement |
Fair value as of January 1, 2021 |  | $ | 4,225,000 |
Change in fair value |  |  | (2,575,000 | )
Fair value as of March 31, 2021 |  | $ | 1,650,000 |
| The following table presents the changes in the fair value of warrant liabilities:
|  | Private Placement |  |  | Public |  |  | Warrant Liabilities |
Fair value as of February 6, 2020 (inception) |  | $ | — |  |  | $ | — |  |  | $ | — |
Initial measurement on June 11, 2020 |  |  | 10,280,000 |  |  |  | 20,700,000 |  |  |  | 34,697,600 |
Change in fair value |  |  | 6,476,400 |  |  |  | 12,420,000 |  |  |  | 18,896,400 |
Fair value as of December 31, 2020 |  | $ | 17,990,000 |  |  | $ | 35,604,000 |  |  | $ | 53,594,000 |
The following table presents the changes in the fair value of FPA liability:
|  |  | Private Placement |
Fair value as of February 6, 2020 (inception) |  | $ | — |
Initial measurement on June 11, 2020 |  |  | 350,000 |
Change in fair value |  |  | 3,875,000 |
Fair value as of December 31, 2020 |  | $ | 4,225,000 |
Summary of Gross Holding Losses and Fair Value of Held-to-Maturity Securities | The gross holding gains and fair value of held-to-maturity securities at March 31, 2021 and December 31, 2020 are as follows:
|  | Held-To-Maturity |  | Level |  |  | Amortized Cost |  |  | Gross Holding Gain |  |  | Fair Value |
March 31, 2021 |  | Money market funds |  |  | 1 |  |  |  | N/A |  |  |  | N/A |  |  | $ | 414,275,432 |
December 31, 2020 |  | U.S. Treasury Securities (Mature on 1/28/2021) |  |  | 1 |  |  | $ | 414,228,281 |  |  | $ | 4,345 |  |  | $ | 414,232,626 |
| The gross holding gains and fair value of held-to-maturity securities at December 31, 2020 are as follows:
|  | Held-To-Maturity |  | Level |  |  | Amortized Cost |  |  | Gross Holding Gain |  |  | Fair Value |
December 31, 2020 |  | U.S. Treasury Securities (Mature on 1/28/2021 ) |  |  | 1 |  |  | $ | 414,228,281 |  |  | $ | 4,345 |  |  | $ | 414,232,626 |

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- Definition Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=121645371&loc=SL120269825-111563 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=121645371&loc=SL120269820-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27232-111563 + 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=117815213&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=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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