Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Measurements

Schedule of company's assets and liabilities that are measured at fair value on a recurring basis

	Fair Value Measured as of June 30, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Investments held in Trust Account	$	414,090,409	$	—	$	—	$	414,090,409
Liabilities:
Derivative liabilities - public warrants		13,151,400		—		—		13,151,400
Derivative liabilities - private placement warrants		—		7,039,490		—		7,039,490
Derivative liabilities - forward purchase agreement		—		—		598,630		598,630
Total liabilities	$	13,151,400	$	7,039,490	$	598,630	$	20,789,520

	Fair Value Measured as of December 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Investments held in Trust Account	$	414,020,525	$	—	$	—	$	414,020,525
Liabilities:
Derivative liabilities - public warrants		—		—		21,390,000		21,390,000
Derivative liabilities - private placement warrants		—		—		11,449,330		11,449,330
Derivative liabilities - forward purchase agreement		—		—		7,692,950		7,692,950
Total liabilities	$	—	$	—	$	40,532,280	$	40,532,280

Schedule of quantitative information regarding Level 3 fair value measurements inputs

	As of			As of			As of
	June 30, 2021			March 31, 2021			December 31, 2020
Share price, used in warrant valuations		n/a			n/a		$	10.02
Unit price, used in forward valuation	$	10.04		$	10.05		$	10.54
Exercise price, warrants		n/a			n/a		$	11.50
Exercise price, forward	$	10.00		$	10.00		$	10.00
Term (in years), used in warrant valuations		n/a			n/a			6.00
Term (in years), used in forward valuation		0.46			0.71			0.96
Volatility		n/a			n/a			21.00	%
Risk-free interest rate, used in warrant valuations		n/a			n/a			0.50	%
Risk-free interest rate, used in forward valuation		0.06	%		0.06	%		0.10	%
Expected dividends		n/a			n/a			n/a

Schedule of change in the fair value of the derivative liabilities

Beginning of period
Warrant Liabilities - Public	$	21,390,000
Warrant Liabilities - Private		11,449,330
Forward Purchase agreement		7,692,950
Beginning of period total	$	40,532,280
Change in fair value of warrant liabilities – Public		(8,238,600)
Change in fair value of warrant liabilities – Private		(4,409,840)
Change in fair value of forward purchase agreement		(7,094,320)
End of period	$	20,789,520

Level 3 derivative liabilities at December 31, 2020	$	40,532,280
Transfers from Level 3		(32,839,330)
Change in fair value		(6,935,120)
Level 3 derivative liabilities at March 31, 2021	$	757,830
Change in fair value		(159,200)
Level 3 derivative liabilities at June 30, 2021	$	598,630