Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Measurements

Schedule of Company's assets and liabilities measured at fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value. Significant deviations from these estimates and inputs could result in a material change in fair value.

		September 30,
Description	Level	2021
Assets:
Investments held in Trust Account(1)	1	$	750,061,652
Liabilities:
Private Placement Warrants(2)	2	$	13,033,332
Public Warrants(2)	1	$	21,562,500

		December 31,
Description	Level	2020
Assets:
Investments held in Trust Account(1)	1	$	750,005,343
Liabilities:
Private Placement Warrants(2)	2	$	17,226,666
Public Warrants(2)	1	$	28,500,000

(1)  The fair value of the money market funds held in Trust Account approximates the carrying amount primarily due to their short-term nature.

(2)  Measured at fair value on a recurring basis.

Schedule of changes in the fair value of warrant liabilities

The following table presents the changes in the fair value of warrant liabilities during the nine months ended September 30, 2021:

	Private Warrants		Public Warrants		Aggregate Warrant Liability
Fair value as of December 31, 2020	$	17,226,666	$	28,500,000	$	45,726,666
Change in fair value(1)(2)		(4,193,334)		(6,937,500)		(11,130,834)
Fair value as of September 30, 2021	$	13,033,332	$	21,562,500	$	34,595,832

(1)  Changes in valuation inputs or other assumptions are recognized in change in fair value of derivative warrant liabilities in the Statement of Operations.

(2)  During the nine months ended September 30, 2021, there were no transfers into or out of the Level 1, Level 2, or Level 3 classifications.