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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Changes in Level 3 Liabilities Measured at Fair Value The following table presents changes in Level 3 liabilities relating to Private Warrants measured at fair value (in thousands):
Private Warrants
Balance as of December 31, 2022
$3,005 
Change in fair value of outstanding warrants(1,345)
Balance as of September 30, 2023
$1,660 
Schedule of Financial Assets and Liabilities Subject to Fair Value Measurements on a Recurring Basis and the Level of Inputs Used
The Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for such measurements were as follows (in thousands):
Fair Value (in thousands) Measured as of
September 30, 2023:
Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$28,916 $— $— $28,916 
U.S. treasury securities4,021 — — 4,021 
U.S. agency and government sponsored securities
— 995 — 995 
Total cash equivalents$32,937 $995 $— $33,932 
Marketable investments:
U.S. treasury securities$201,771 $— $— $201,771 
U.S. agency and government sponsored securities— 4,696 — 4,696 
Corporate bonds— 31,520 — 31,520 
Marketable equity investments8,255 — — 8,255 
Total marketable investments$210,026 $36,216 $— $246,242 
Liabilities:
Private Warrants$— $— $1,660 $1,660 
Fair Value (in thousands) Measured as of
December 31, 2022:
Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$42,056 $— $— $42,056 
Total cash equivalents$42,056 $— $— $42,056 
Marketable investments:
U.S. treasury securities$188,480 $— $— $188,480 
U.S. agency and government sponsored securities— 4,924 — 4,924 
Commercial paper— 74,523 — 74,523 
Corporate bonds— 109,909 — 109,909 
Asset-backed securities— 11,835 — 11,835 
Marketable equity investments29,643 — — 29,643 
Total marketable investments$218,123 $201,191 $— $419,314 
Liabilities:
Private Warrants$— $— $3,005 $3,005