Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of fair value on a recurring basis

Description	Level		December 31, 2020
Assets:
Marketable securities held in Trust Account		1		460,098,212
Liabilities:
Warrant Liability – Public Warrants		1		40,633,332
Warrant Liability – Private Placement Warrants		3		25,013,332

Summary of quantitative information regarding fair value measurements of warrants

The key inputs into the Monte Carlo simulation model for the Private Placement Warrants and Public Warrants were as follows at initial measurement:

Input	October 2, 2020 (Initial Measurement)
Risk-free interest rate		0.34	%
Expected term (years)		5.57
Expected volatility		17.4	%
Exercise price	$	11.50
Fair value of Units	$	10.00

Summary of reconciliation of warrant liabilities measured at fair value

The following table presents the changes in the fair value of warrant liabilities:

	Private Placement		Level	Public		Level	Warrant Liabilities
Fair value as of July 8, 2020	$	—		$	—		$	—
Initial measurement on October 2, 2020		10,920,000	3		17,940,000	3		28,860,000
Change in valuation inputs or other assumptions		14,093,332	3		22,693,332	1		36,786,664
Fair value as of December 31, 2020		$25,013,332			$40,633,332			$65,646,664