FAIR VALUE MEASUREMENTS (Tables)

8 Months Ended

Dec. 31, 2020

FAIR VALUE MEASUREMENTS

Schedule of assets and liabilities that are measured at fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2020, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Description	Level	December 31, 2020
Assets:
Marketable securities held in Trust Account	1	$	2,070,086,006
Liabilities:
Warrant Liability – Public Warrants	1	$	62,928,000
Warrant Liability – Private Placement Warrants	3	$	79,272,500

Schedule of significant inputs

As of issuance and December 31, 2020, the estimated fair value of Warrant Liability — Private Placement Warrants were determined using a Black-Scholes valuation and based on the following significant inputs:

	At			As of December 31,
	issuance			2020
Exercise price	$	11.50		$	11.50
Stock price	$	9.80		$	10.01
Volatility		19.8	%		30	%
Probability of completing a Business Combination		80.0	%		80	%
Term		5.33			5.33
Risk-free rate		0.34	%		0.50	%
Dividend yield		0.0	%		0.0	%

Schedule of changes in the fair value of warrant liabilities

The following table presents the changes in the fair value of warrant liabilities:

	Private Placement		Public		Warrant Liabilities
Fair value as of April 30, 2020 (inception)	$	—	$	—	$	—
Initial measurement on July 30, 2020		42,850,000		40,572,000		83,422,000
Change in valuation inputs or other assumptions		36,422,500		22,356,000		58,778,500
Fair value as of December 31, 2020	$	79,272,500	$	62,928,000	$	142,200,500