FTX's $200,000 Cursor Stake Now Valued at $3 Billion After SpaceX Acquisition
A 5% stake in AI coding startup Cursor, sold by FTX's bankruptcy estate for $200,000 in April 2023, would now be worth approximately $3 billion following SpaceX's agreement to acquire the company at a $60 billion valuation. This development comes as SpaceX plans to acquire Cursor later this year, with the option to pay $10 billion if the full acquisition does not proceed, primarily driven by Elon…
April 23, 2026, 6:18 a.m.