Fair Value Measurements and Short-Term Investments (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on a Recurring Basis

The following tables sets forth the Company’s fair value hierarchy for its assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023:

	Fair Value Measurements as of September 30, 2024 using:
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	50,937	$	—	$	—	$	50,937
U.S. Government treasury bills	—		30,519		—		30,519
Short-term investments:
U.S. Government treasury bills	—		393,122		—		393,122
Total financial assets	$	50,937	$	423,641	$	—	$	474,578

	Fair Value Measurements as of December 31, 2023 using:
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	21,016	$	—	$	—	$	21,016
U.S. Government treasury bills	—		39,341		—		39,341
Short-term investments
U.S. Government treasury bills	—		114,817		—		114,817
Total financial assets	$	21,016	$	154,158	$	—	$	175,174

Schedule of Short-Term Investments

The following table sets forth the Company’s short-term investments as of September 30, 2024 and December 31, 2023, which have a contractual maturity of less than one year:

	September 30, 2024
	Amortized Cost		Unrealized Gains		Unrealized (Losses)		Credit (Loss)		Fair Value
Assets
U.S. Government treasury bills	$	392,774	$	348	$	—	$	—	$	393,122
Total	$	392,774	$	348	$	—	$	—	$	393,122
	December 31, 2023
	Amortized Cost		Unrealized Gains		Unrealized (Losses)		Credit (Loss)		Fair Value
Assets
U.S. Government treasury bills	$	114,781	$	36	$	—	$	—	$	114,817
Total	$	114,781	$	36	$	—	$	—	$	114,817