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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2023
Fair Value Disclosures [Abstract] |
Schedule of Changes in Level 3 Liabilities Measured at Fair Value | The following table presents changes in Level 3 liabilities relating to Private Warrants measured at fair value (in thousands):
|  | Private Warrants
Balance as of December 31, 2022 |  | $ | 3,005 |
Change in fair value of outstanding warrants |  | 1,028 |
Balance as of June 30, 2023 |  | $ | 4,033 |
Schedule of Financial Assets and Liabilities Subject to Fair Value Measurements on a Recurring Basis and the Level of Inputs Used | The Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (in thousands):
| Fair Value (in thousands) Measured as of June 30, 2023 Using:
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 55,517 |  |  | $ | — |  |  | $ | — |  |  | $ | 55,517 |
Total cash equivalents | $ | 55,517 |  |  | $ | — |  |  | $ | — |  |  | $ | 55,517 |
Marketable investments: |  |  |  |  |  |  |
U.S. treasury securities | $ | 209,881 |  |  | $ | — |  |  | $ | — |  |  | $ | 209,881 |
Commercial paper | — |  |  | 7,453 |  |  | — |  |  | 7,453 |
Corporate bonds | — |  |  | 43,857 |  |  | — |  |  | 43,857 |
Asset-backed securities | — |  |  | 978 |  |  | — |  |  | 978 |
Marketable equity investments | 14,509 |  |  | — |  |  | — |  |  | 14,509 |
Total marketable investments | $ | 224,390 |  |  | $ | 52,288 |  |  | $ | — |  |  | $ | 276,678 |
Liabilities: |  |  |  |  |  |  |
Private Warrants | $ | — |  |  | $ | — |  |  | $ | 4,033 |  |  | $ | 4,033 |
| Fair Value (in thousands) Measured as of December 31, 2022 Using:
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 42,056 |  |  | $ | — |  |  | $ | — |  |  | $ | 42,056 |
Total cash equivalents | $ | 42,056 |  |  | $ | — |  |  | $ | — |  |  | $ | 42,056 |
Marketable investments: |  |  |  |  |  |  |
U.S. treasury securities | $ | 188,480 |  |  | $ | — |  |  | $ | — |  |  | $ | 188,480 |
U.S. agency and government sponsored securities | — |  |  | 4,924 |  |  | — |  |  | 4,924 |
Commercial paper | — |  |  | 74,523 |  |  | — |  |  | 74,523 |
Corporate bonds | — |  |  | 109,909 |  |  | — |  |  | 109,909 |
Asset-backed securities | — |  |  | 11,835 |  |  | — |  |  | 11,835 |
Marketable equity investments | 29,643 |  |  | — |  |  | — |  |  | 29,643 |
Total marketable investments | $ | 218,123 |  |  | $ | 201,191 |  |  | $ | — |  |  | $ | 419,314 |
Liabilities: |  |  |  |  |  |  |
Private Warrants | $ | — |  |  | $ | — |  |  | $ | 3,005 |  |  | $ | 3,005 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + 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 -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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
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