FTX's $200,000 Cursor Stake Now Valued at $3 Billion Following SpaceX Acquisition Deal
In a striking turn of events, 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 valuation of $60 billion. This development comes as SpaceX, led by Elon Musk, seeks to expand its presence in AI coding tools, an area where the company currently lags…
April 23, 2026, 6:18 a.m.