| Summary of assets and liabilities that are measured at fair value on a recurring basis |
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Fair Value measured as of March 31, 2021
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Level 1
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Level 2
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Level 3
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Total
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Cash and Marketable Securities Held in Trust
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$
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500,026,153
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$
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—
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$
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—
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$
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500,026,153
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Warrant derivative liability
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Public Warrants
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$
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24,830,000
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$
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—
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$
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—
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$
|
24,830,000
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Sponsor Warrants
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|
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—
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|
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—
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19,680,000
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19,680,000
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Total Warrant derivative liability
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$
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24,830,000
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$
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—
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$
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19,680,000
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$
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44,510,000
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Fair Value measured as of December 31, 2020
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Level 1
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Level 2
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Level 3
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Total
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Cash and Marketable Securities Held in Trust
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$
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500,078,624
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$
|
—
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|
$
|
—
|
|
$
|
500,078,624
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant derivative liability
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|
|
|
|
|
|
|
|
|
|
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Public Warrants
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$
|
37,000,000
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$
|
—
|
|
$
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—
|
|
$
|
37,000,000
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Sponsor Warrants
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|
|
—
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|
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18,720,000
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|
|
—
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|
|
18,720,000
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Total Warrant derivative liability
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$
|
37,000,000
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$
|
18,720,000
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$
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—
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$
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55,720,000
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value measured as of December 31, 2020
|
|
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
|
Cash and Marketable Securities Held in Trust
|
|
$
|
500,078,624
|
|
$
|
—
|
|
$
|
—
|
|
$
|
500,078,624
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant derivative liability
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|
|
|
|
|
|
|
|
|
|
|
|
|
Public Warrants
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|
$
|
37,000,000
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|
$
|
—
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|
$
|
—
|
|
$
|
37,000,000
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|
Sponsor Warrants
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|
|
—
|
|
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18,720,000
|
|
|
—
|
|
|
18,720,000
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Total Warrant derivative liability
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$
|
37,000,000
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|
$
|
18,720,000
|
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$
|
—
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$
|
55,720,000
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|