Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

The Company’s assets and liabilities measured at fair value on a recurring basis consisted of the following as of June 30, 2022, and December 31, 2021 (in thousands):

	Fair value measured at June 30, 2022
	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
Assets at fair value:
Cash and cash equivalents	$	272,671	$	—	$	—	$	272,671
Short-term investments	$	100,000	$	—	$	—	$	100,000
Total assets at fair value	$	372,671	$	—	$	—	$	372,671

	Fair value measured at December 31, 2021
	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
Assets at fair value:
Cash and cash equivalents	$	374,294	$	—			$	374,294
Total assets at fair value	$	374,294	$	—	$	—	$	374,294
Liabilities at fair value:
Warrant liabilities	$	—	$	—	$	3,548	$	3,548
Total liabilities at fair value	$	—	$	—	$	3,548	$	3,548

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents changes in Level 3 liabilities measured at fair value (in thousands) for the six months ended June 30, 2022. Unobservable inputs were used to determine the fair value of positions that the Company has classified within the Level 3 category.

	Warrant liabilities
Fair value at December 31, 2021	$	3,548
Change in fair value	1,701
Redemption	(5,249)
Fair value at June 30, 2022	$	—