Investments (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023
	Maturity	Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value
Corporate debt securities	2 years or less	$	12,866	$	—	$	(47)	$	12,819
Commercial paper	1 year or less	400,771		13		(631)		400,153
U.S. Agency bonds	2 years or less	176,624		63		(787)		175,900
U.S. Treasury bills	2 years or less	60,914		—		(218)		60,696
		$	651,175	$	76	$	(1,683)	$	649,568

		As of December 31, 2022
	Maturity	Amortized cost		Gross unrealized gains		Gross unrealized losses		Estimated fair value
Corporate debt securities	2 years or less	$	95,195	$	—	$	(662)	$	94,533
Commercial paper	1 year or less	443,489		65		(811)		442,743
U.S. Agency bonds	2 years or less	90,351		22		(434)		89,939
U.S. Treasury bills	2 years or less	223,216		8		(1,862)		221,362
		$	852,251	$	95	$	(3,769)	$	848,577