SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Basic and Diluted Net Income (Loss) Per Ordinary Share

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share:

	For the Period from July 27, 2020 (inception) Through December 31, 2020
Class A Ordinary Shares
Numerator: Earnings allocable to Class A Ordinary Shares
Interest Income	$	14,646
Net Earnings	$	14,646
Denominator: Weighted Average Class A Ordinary Shares
Class A Ordinary Shares, Basic and Diluted		27,600,000
Earnings/Basic and Diluted Class A Ordinary Shares	$	—
Class B Ordinary Shares
Numerator: Net Income Loss minus Net Earnings
Net Loss	$	(110,277	)
Net Earnings allocable to Class A Ordinary Shares	$	(14,646	)
Net Loss	$	(124,923	)
Denominator: Weighted Average Class B Ordinary Shares
Class B Ordinary Shares, Basic and Diluted		6,199,367
Loss/Basic and Diluted Class B Ordinary Shares	$	(0.02	)