Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The following table presents information about the Company’s assets and liabilities measured at fair value as of March 31, 2022:

	Level 1		Level 2		Level 3		Total
Assets:
Marketable securities	$	—	$	408,275	$	—	$	408,275
Equity investments		33,524		—		1,759		35,283
Total	$	33,524	$	408,275	$	1,759	$	443,558

The following table presents information about the Company’s assets and liabilities measured at fair value as of December 31, 2021:

	Level 1		Level 2		Level 3		Total
Assets:
Marketable securities	$	—	$	456,212	$	—	$	456,212
Equity investments		39,561		—		1,887		41,448
Total	$	39,561	$	456,212	$	1,887	$	497,660

Summary of Changes in Fair Value of Level 3 Investments

The following table sets forth changes in fair value of the Company’s Level 3 investments:

	Amount
As of December 31, 2020	$	—
Cash contributions		2,000
Unrealized loss		(113	)
As of December 31, 2021		1,887
Unrealized loss		(128	)
As of March 31, 2022	$	1,759