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Fair Value (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities measured at fair value
    Level 1   Level 2   Level 3   Total 
    (in thousands) 
December 31, 2021                 
Warrants    
    
   $28,875   $28,875 
                      
December 31, 2020                     
Warrants    
    
   $101,325   $101,325 

 

Schedule of fair value warrants estimated using the Black-Scholes option-pricing model
   December 31,
2021
   December 31,
2020
 
   Values   Values 
Equity Value   $
   $525,034,000 
Stock Price   $8.76   $
 
Strike price   $11.50   $
 
Holding Period/Term (years)    4.80    3.00 
Volatility    52.90%   59.50%
Expected dividends   
None
    
None
 
Risk-Free Rate    1.23%   0.17%
Fair value of warrants   $3.30   $
 
Discount for Lack of Marketability    
    10.0%

 

Schedule of liabilities measured at fair value
Warrants:  (in thousands) 
Balance as of January 1, 2021  $101,325 
Vesting of AT&T Warrant   5,943 
Fair value adjustment of AT&T Warrant   (12,555)
Fair value adjustment of Financing Warrants   84,011 
Exercise of Financing Warrants   (174,328)
Reclassification of AT&T Warrant to Equity   (4,395)
Private Placement Warrants   16,013 
Fair value adjustment of Private Placement Warrants   12,861 
Balance as of December 31, 2021  $28,875