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Fair Value Measurements (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2021 | Dec. 31, 2020
Fair Value Disclosures [Abstract] |  |
Schedule of Derivative Liabilities Measured at Fair Value on Recurring Basis | 8. Fair Value Measurements The following table presents information about the Company’s derivative liabilities that are measured at fair value on a recurring basis as of June 30, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.
|  | As of June 30, 2021 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrants |  | $ | 15,750,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,750,000 |
Private Placement Warrants |  |  | — |  |  |  | 12,833,333 |  |  |  | — |  |  |  | 12,833,333 |
Forward purchase agreements (FPAs) |  |  | — |  |  |  | — |  |  |  | 6,190,000 |  |  |  | 6,190,000 |
Total |  | $ | 15,750,000 |  |  | $ | 12,833,333 |  |  | $ | 6,190,000 |  |  | $ | 34,773,333 |
|  | As of December 31, 2020 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrants |  | $ | 19,350,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,350,000 |
Private Placement Warrants |  |  | — |  |  |  | 15,766,667 |  |  |  | — |  |  |  | 15,766,667 |
Forward purchase agreements (FPAs) |  |  | — |  |  |  | — |  |  |  | 24,420,000 |  |  |  | 24,420,000 |
Total |  | $ | 19,350,000 |  |  | $ | 15,766,667 |  |  | $ | 24,420,000 |  |  | $ | 59,536,667 |
| The following table presents information about the Company’s derivative liabilities that are measured at fair value on a recurring basis as of December 31, 2020 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrants |  | $ | 19,350,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,350,000 |
Private Placement Warrants |  |  | — |  |  |  | 15,766,667 |  |  |  | — |  |  |  | 15,766,667 |
Forward purchase agreements (FPAs) |  |  | — |  |  |  | — |  |  |  | 24,420,000 |  |  |  | 24,420,000 |
Total |  | $ | 19,350,000 |  |  | $ | 15,766,667 |  |  | $ | 24,420,000 |  |  | $ | 59,536,667 |
Schedule of Changes in Fair Value of Derivative Liabilities | The following table presents the changes in the fair value of the Company’s derivative liabilities that are measured at fair value for the three and six months ended June 30, 2021. The Company did not hold any derivative liabilities measured at fair value as of or for the three and six months ended June 30, 2020.
|  | Warrants |  |  | Private Placement Warrants |  |  | Forward Purchase Agreements (FPAs) |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value at March 31, 2021 |  | $ | 12,150,000 |  |  | $ | 9,900,000 |  |  | $ | 4,670,000 |  |  | $ | 26,720,000 |
Change in fair value |  |  | 3,600,000 |  |  |  | 2,933,333 |  |  |  | 1,520,000 |  |  |  | 8,053,333 |
Fair value at June 30, 2021 |  | $ | 15,750,000 |  |  | $ | 12,833,333 |  |  | $ | 6,190,000 |  |  | $ | 34,773,333 |
|  | Warrants |  |  | Private Placement Warrants |  |  | Forward Purchase Agreements (FPAs) |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value at December 31, 2020 |  | $ | 19,350,000 |  |  | $ | 15,766,667 |  |  | $ | 24,420,000 |  |  | $ | 59,536,667 |
Change in fair value |  |  | (3,600,000 | ) |  |  | (2,933,334 | ) |  |  | (18,230,000 | ) |  |  | (24,763,334 | )
Fair value at June 30, 2021 |  | $ | 15,750,000 |  |  | $ | 12,833,333 |  |  | $ | 6,190,000 |  |  | $ | 34,773,333 |
| The following table presents the changes in the fair value of the Company’s derivative liabilities that are measured at fair value for the year ended December 31, 2020.
|  | Warrants |  |  | Private Placement Warrants |  |  | Forward Purchase Agreements (FPAs) |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value when issued (October 2020) |  | $ | 13,500,000 |  |  | $ | 11,000,000 |  |  | $ | 3,110,000 |  |  | $ | 27,610,000 |
Change in fair value |  |  | 5,850,000 |  |  |  | 4,766,667 |  |  |  | 21,310,000 |  |  |  | 31,926,667 |
Fair value at December 31, 2020 |  | $ | 19,350,000 |  |  | $ | 15,766,667 |  |  | $ | 24,420,000 |  |  | $ | 59,536,667 |
Schedule of Changes in Fair Value of Financial Instruments Using Level 3 Inputs | The following tables summarize the changes in the fair value of financial instruments for which the Company has used Level 3 inputs to determine fair value for the three and six months ended June 30, 2021. The Company did not hold any Level 3 financial instruments as of or for the three and six months ended June 30, 2020.
|  | Forward Purchase Agreements (FPAs) |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |
Fair value at March 31, 2021 |  | $ | 4,670,000 |  |  | $ | 4,670,000 |
Change in fair value |  |  | 1,520,000 |  |  |  | 1,520,000 |
Fair value at June 30, 2021 |  | $ | 6,190,000 |  |  | $ | 6,190,000 |
|  | Forward Purchase Agreements (FPAs) |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |
Fair value at December 31, 2020 |  | $ | 24,420,000 |  |  | $ | 24,420,000 |
Change in fair value |  |  | (18,230,000 | ) |  |  | (18,230,000 | )
Fair value at June 30, 2021 |  | $ | 6,190,000 |  |  | $ | 6,190,000 |

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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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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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