Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets measured at fair value on a recurring basis and indicate the fair value hierarchy classification of such fair values as of June 30, 2024 and December 31, 2023 (in thousands):

	Fair Value Measurements at
	June 30, 2024
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Cash	$	187,960	$	187,960	$	—	$	—
Money market funds		139,868		139,868		—		—
Certificates and term deposits		25,351		—		25,351		—
Commercial paper		125,895		—		125,895		—
Corporate debt securities		1,424		—		1,424		—
U.S. Treasury securities		3,974		—		3,974		—
Marketable securities:
U.S. Treasury securities		11,874		—		11,874		—
Corporate debt securities		1,011,180		—		1,011,180		—
Certificates and term deposits		132,499		—		132,499		—
Government-sponsored enterprise securities		242,616		—		242,616		—
Commercial paper		130,194		—		130,194		—
Total	$	2,012,835	$	327,828	$	1,685,007	$	—
	Fair Value Measurements at
	December 31, 2023
	Total		Level 1		Level 2		Level 3
Cash and cash equivalents:
Cash	$	197,756	$	197,756	$	—	$	—
Money market funds		185,990		185,990		—		—
U.S. Treasury securities		5,731		—		5,731		—
Marketable securities:
U.S. Treasury securities		23,008		—		23,008		—
Corporate debt securities		885,358		—		885,358		—
Certificates and term deposits		47,282		—		47,282		—
Government-sponsored enterprise securities		195,131		—		195,131		—
Commercial paper		155,409		—		155,409		—
Total	$	1,695,665	$	383,746	$	1,311,919	$	—