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Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured on Recurring Basis The following tables present financial liabilities remeasured on a recurring basis by level within the fair value hierarchy:
June 30, 2024
(in thousands)Level 1Level 2Level 3
Liabilities:
Warrant liabilities1
$— $— $301 
Notes payable1
— — 74,403 
1 Includes both related party and non-related party balances for the Company’s notes payable and warrant liabilities.
December 31, 2023
(in thousands)Level 1Level 2Level 3
Liabilities:
Warrant liabilities$— $— $306 
Notes payable— — 86,712 
Summary of Activity for Level 3 Fair Value Measurements
The following table summarizes the activity of Level 3 fair value measurements:
(in thousands)
Warrant Liabilities1
Notes Payable1
Balance as of December 31, 2023
$306 $86,712 
Additions11 25,394 
Exercises— — 
Change in fair value measurements(16)(20,463)
Conversions of notes to Class A Common Stock— (17,240)
Balance as of June 30, 2024
$301 $74,403 
1 Includes both related party and non-related party balances for the Company’s notes payable and warrant liabilities.