CONVERTIBLE PREFERRED STOCK (Tables)

9 Months Ended

Sep. 30, 2021

Features of Convertible Preferred Stock [Abstract]

Schedule of Convertible Preferred Stock

See activities related to the PIF Convertible Notes and Series D convertible preferred stock funding as below (in thousands):

Conversion of Convertible Notes	$	271,985
Series D received in April 2019	200,000
Series D received in October 2019	400,000
Series D received in March 2020	200,000
Series D received in June 2020	200,000
Contingent forward contract liability reclassified to Series D	39,564
Conversion of preferred stock warrant to Series D in February 2021	3,000
Reclassification of preferred stock warrant liability to Series D in February 2021	9,936
Total proceeds of Series D	$	1,324,485

As of December 31, 2020, the Company had the following convertible preferred stock, par value of $0.0001 per share, authorized, and outstanding (in thousands, except share and per share amounts):

As of December 31, 2020
Convertible Preferred Stock	Shares Authorized	Shares Outstanding	Net Carrying Value		Conversion Per Share to Common Stock		Liquidation Per Share Amount		Liquidation Amount
Series A	32,045,280	32,045,280	$	11,925	$	0.38	$	0.38	$	12,120
Series B*	24,677,332	24,677,332	23,740		1.13		1.13		28,000
Series C	82,414,075	59,575,253	137,475		2.42		2.42		144,432
Series D	618,720,748	539,769,493	1,311,548		2.33		3.64		1,963,912
Series E	301,092,345	301,092,346	1,009,388		2.99		4.48		1,349,449
Total	1,058,949,780	957,159,704	$	2,494,076					$	3,497,913

*As of December 31, 2020, 3,525,332 Series B convertible preferred stock at aggregate fair value of $3.0 million were extinguished and reclassified to other accrued liabilities, with cash settlement occurring in January 2021.