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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Measurements  
Schedule of Company's financial asset measured at fair value on recurring basis

June 30, 2021

Quoted Prices in Active

Significant Other

Significant Other

Markets

Observable Inputs

Unobservable Inputs

Description

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets

Money market securities held in Trust Account

$

544,019,046

$

$

Liabilities

Derivative warrant liabilities -Public Warrants

$

32,276,400

$

$

Derivative warrant liabilities -Private Warrants

$

$

$

11,605,230

December 31, 2020

Quoted Prices in Active

Significant Other

Significant Other

Markets 

Observable  Inputs

Unobservable Inputs

Description

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets

 

  

 

  

 

  

Money market securities held in Trust Account

$

544,002,795

$

$

Liabilities

 

  

 

  

 

  

Derivative warrant liabilities -Public Warrants

$

26,292,580

$

$

Derivative warrant liabilities -Private Warrants

$

$

$

9,453,700

Schedule of fair value hierarchy for liabilities measured at fair value on a recurring basis

    

6/30/2021

    

3/31/2021

    

12/31/2020

 

Volatility

 

25.86

%  

17.70

%  

22.10

%  

Share price

$

9.95

$

9.88

$

10.02

Risk-free rate

 

0.87

%  

0.92

%  

 

0.36

%  

Dividend yield

 

0.0

%  

0.0

%  

 

0.0

%  

Summary of the changes in the fair value of Private Placement Warrants, a Level 3 liability, measured on a recurring basis.

    

Public warrants

    

Private Warrants

    

Total

Warrant liabilities at December 31, 2020

$

26,292,580

$

9,453,700

$

35,746,280

Change in fair value of warrant liabilities

 

(6,346,490)

 

(2,281,930)

 

(8,628,420)

Warrant liabilities at March 31, 2021

$

19,946,090

$

7,171,770

$

27,117,860

Change in fair value of warrant liabilities

12,330,310

4,433,460

16,763,770

Warrant liabilities at June 30, 2021

$

32,276,400

$

11,605,230

$

43,881,630