v3.25.1
Fair Value Measurements - Schedule of Financial Instruments Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash $ 324,200 $ 132,500
Short-term investments 1,168,501 1,225,124
Cash and cash equivalents and short-term investments 2,200,000 2,000,000
Restricted cash and cash equivalents and restricted short-term investments   1,500,000
Fair Value Measurements on a Recurring Basis    
Assets    
Total unrestricted cash equivalents and short-term investments 1,561,749 1,547,248
Total restricted cash equivalents and investments 1,635,922 1,539,974
Total financial assets 3,197,671 3,087,222
Fair Value Measurements on a Recurring Basis | Level 1    
Assets    
Total unrestricted cash equivalents and short-term investments 348,269 189,839
Total restricted cash equivalents and investments 13,400 42,699
Total financial assets 361,669 232,538
Fair Value Measurements on a Recurring Basis | Level 2    
Assets    
Total unrestricted cash equivalents and short-term investments 1,213,480 1,357,409
Total restricted cash equivalents and investments 1,622,522 1,497,275
Total financial assets 2,836,002 2,854,684
Fair Value Measurements on a Recurring Basis | Level 3    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Total financial assets 0 0
Fair Value Measurements on a Recurring Basis | Money market funds    
Assets    
Total unrestricted cash equivalents and short-term investments 348,269 189,839
Total restricted cash equivalents and investments 13,400 42,699
Fair Value Measurements on a Recurring Basis | Money market funds | Level 1    
Assets    
Total unrestricted cash equivalents and short-term investments 348,269 189,839
Total restricted cash equivalents and investments 13,400 42,699
Fair Value Measurements on a Recurring Basis | Money market funds | Level 2    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Fair Value Measurements on a Recurring Basis | Money market funds | Level 3    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Fair Value Measurements on a Recurring Basis | Certificates of deposit    
Assets    
Total unrestricted cash equivalents and short-term investments 201,480 171,358
Total restricted cash equivalents and investments 259,143 189,596
Fair Value Measurements on a Recurring Basis | Certificates of deposit | Level 1    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Fair Value Measurements on a Recurring Basis | Certificates of deposit | Level 2    
Assets    
Total unrestricted cash equivalents and short-term investments 201,480 171,358
Total restricted cash equivalents and investments 259,143 189,596
Fair Value Measurements on a Recurring Basis | Certificates of deposit | Level 3    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Fair Value Measurements on a Recurring Basis | Commercial paper    
Assets    
Total unrestricted cash equivalents and short-term investments 587,030 762,546
Total restricted cash equivalents and investments 880,701 782,556
Fair Value Measurements on a Recurring Basis | Commercial paper | Level 1    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Fair Value Measurements on a Recurring Basis | Commercial paper | Level 2    
Assets    
Total unrestricted cash equivalents and short-term investments 587,030 762,546
Total restricted cash equivalents and investments 880,701 782,556
Fair Value Measurements on a Recurring Basis | Commercial paper | Level 3    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Fair Value Measurements on a Recurring Basis | Corporate bonds    
Assets    
Total unrestricted cash equivalents and short-term investments 104,112 70,231
Total restricted cash equivalents and investments 27,570 59,266
Fair Value Measurements on a Recurring Basis | Corporate bonds | Level 1    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Fair Value Measurements on a Recurring Basis | Corporate bonds | Level 2    
Assets    
Total unrestricted cash equivalents and short-term investments 104,112 70,231
Total restricted cash equivalents and investments 27,570 59,266
Fair Value Measurements on a Recurring Basis | Corporate bonds | Level 3    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Fair Value Measurements on a Recurring Basis | U.S. government and agency securities    
Assets    
Total unrestricted cash equivalents and short-term investments 320,858 353,274
Total restricted cash equivalents and investments 455,108 465,857
Fair Value Measurements on a Recurring Basis | U.S. government and agency securities | Level 1    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Fair Value Measurements on a Recurring Basis | U.S. government and agency securities | Level 2    
Assets    
Total unrestricted cash equivalents and short-term investments 320,858 353,274
Total restricted cash equivalents and investments 455,108 465,857
Fair Value Measurements on a Recurring Basis | U.S. government and agency securities | Level 3    
Assets    
Total unrestricted cash equivalents and short-term investments 0 0
Total restricted cash equivalents and investments 0 0
Fair Value Measurements on Nonrecurring Basis | Cash and Cash Equivalents and Short-Term Investments    
Assets    
Cash 324,200 132,500
Term deposits   2,200
Fair Value Measurements on Nonrecurring Basis | Cash and Cash Equivalents and Short-Term Investments | Money market funds    
Assets    
Short-term investments $ 268,000 $ 304,700