FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2021

FAIR VALUE MEASUREMENTS

Summary of the net gain on changes in fair value (in thousands) related to the Public and Private Warrants

	Three months ended		Nine months ended
	September 30, 2021		September 30, 2021
Public Warrants	$	—	$	(27,180)
Private Warrants		3,344		12,263
Net gain (loss) on changes in fair value	$	3,344	$	(14,918)

Summary of the valuation of financial instruments

	Total		Quoted prices in active markets (Level 1)		Prices with observable inputs (Level 2)		Prices with unobservable inputs (Level 3)
September 30, 2021
Cash and cash equivalents	$	233,831	$	233,831	$	—	$	—
Public Warrants		—		—		—		—
Private Warrants		3,529		—		—		3,529
	Total		Quoted prices in active markets (Level 1)		Prices with observable inputs (Level 2)		Prices with unobservable inputs (Level 3)
December 31, 2020
Cash and cash equivalents	$	629,761	$	629,761	$	—	$	—
Public Warrants		57,515		57,515		—		—
Private Warrants		43,877		—		—		43,877

Schedule of gain (loss) in fair value recognized in earnings

	Balance at December 31, 2020		Additions		Settlements		Loss / (Gain) on fair value adjustments included in earnings		Balance at September 30, 2021
Private Warrants	$	43,877		—		(28,085)		(12,263)	$	3,529