FTX's $200,000 Cursor Stake Now Valued at $3 Billion After SpaceX Acquisition Deal
Following SpaceX's decision to acquire Cursor at a $60 billion valuation, it has been revealed that a 5% stake in the AI coding startup, previously owned by FTX's bankruptcy estate, would now be worth approximately $3 billion. This stake was sold in April 2023 for $200,000, representing a substantial loss in potential recovery for the estate's creditors. The deal marks a significant move by Elon …
April 23, 2026, 6:18 a.m.