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Consolidated Condensed Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss $ (297,200,000) $ (130,900,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and other 2,100,000 1,300,000
Debt discount and issuance cost amortization 300,000 300,000
Stock-based compensation 52,200,000 50,100,000
Change in fair value of warrant liabilities and other warrant costs 15,600,000 (14,500,000)
Gain on issuance of common stock (3,600,000) 0
Non-cash lease expense 2,500,000 2,100,000
Research and development warrant expense 8,700,000 2,400,000
Other warrant expense 2,100,000 0
Technology and dispute resolution agreements expense 73,000,000.0 0
Accretion and amortization income of short-term investments (2,300,000) 0
Changes in operating assets and liabilities:    
Prepaid expenses 3,200,000 (2,500,000)
Other current assets 400,000 (1,100,000)
Other long-term assets (1,800,000) 1,500,000
Accounts payable 8,200,000 (1,600,000)
Accrued expenses and other current liabilities 12,800,000 11,500,000
Operating lease right-of-use assets and lease liabilities, net 3,300,000 (1,500,000)
Other long-term liabilities (300,000) 500,000
Net cash used in operating activities (120,800,000) (82,400,000)
Cash flows from investing activities    
Proceeds from maturities of short-term investments 465,000,000.0 0
Purchase of property and equipment (19,500,000) (2,100,000)
Net cash provided by (used in) investing activities 445,500,000 (2,100,000)
Cash flows from financing activities    
Repayment of long-term debt (5,000,000.0) (5,000,000.0)
Payments for taxes related to net share settlement of equity awards (3,500,000) 0
Proceeds from exercise of stock options 0 300,000
Proceeds from shares issued under employee stock purchase plan 1,300,000 0
Proceeds from issuance of common stock 25,000,000.0 0
Net cash provided by (used in) financing activities 17,800,000 (4,700,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash 342,500,000 (89,200,000)
Cash, cash equivalents, and restricted cash, beginning of period 72,300,000 746,900,000
Cash, cash equivalents, and restricted cash, end of period 414,800,000 657,700,000
Supplemental Cash Flow Information:    
Cash paid for interest 500,000 800,000
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses $ 16,200,000 $ 1,600,000