Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of fair value hierarchy

The following table represents the Company’s fair value hierarchy for its financial assets and liabilities (in thousands):

	Fair Value at September 30, 2022						Fair Value at December 31, 2021
Assets	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Money market funds(1)	$	365,631	$	—	$	—	$	361,822	$	—	$	—
Government-backed securities(1)	—		261,000		—		—		266,250		—
Corporate debt securities(1)	—		109,914		—		—		790,672		—
Agency securities(1)	—		42,777		—		—		—		—
Total cash equivalents	$	365,631	$	413,691	$	—	$	361,822	$	1,056,922	$	—
Liabilities
Convertible notes payable	$	—	$	317,044	$	—	$	—	$	447,509	$	—

(1)All investments are classified as Cash and cash equivalents as of September 30, 2022 and December 31, 2021, on the consolidated balance sheets.