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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 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(1,936)
Balance as of December 31, 2023
$1,069 
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
December 31, 2023:
Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$101,842 $— $— $101,842 
Commercial paper— 497 — 497 
Corporate bonds— 1,097 — 1,097 
Total cash equivalents$101,842 $1,594 $— $103,436 
Marketable investments:
U.S. treasury securities$86,784 $— $— $86,784 
U.S. agency and government sponsored securities— 2,732 — 2,732 
Commercial paper— 9,647 — 9,647 
Corporate bonds— 43,809 — 43,809 
Marketable equity investments7,755 — — 7,755 
Total marketable investments$94,539 $56,188 $— $150,727 
Liabilities:
Private Warrants$— $— $1,069 $1,069 
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