Investments (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Short-Term Investments

The following tables summarize the Company’s short-term investments (in thousands):

		As of June 30, 2022
	Maturity	Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value
Corporate debt securities	2 years or less	$	164,422	$	—	$	(1,633)	$	162,789
Commercial paper	1 year or less	478,433		—		(1,482)		476,951
U.S. Agency bonds	2 years or less	9,997		—		(18)		9,979
U.S. Treasury bills	1 year or less	269,016		—		(3,009)		266,007
		$	921,868	$	—	$	(6,142)	$	915,726

		As of December 31, 2021
	Maturity	Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value
Corporate debt securities	2 years or less	$	236,170	$	36	$	(248)	$	235,958
Commercial paper	1 year or less	621,947		127		(95)		621,979
U.S. Agency bonds	1 year or less	58,092		—		—		58,092
U.S. Treasury bills	2 years or less	162,500		—		(272)		162,228
		$	1,078,709	$	163	$	(615)	$	1,078,257