FTX's $200,000 Cursor Stake Now Valued at $3 Billion After SpaceX Acquisition Deal
In a surprising 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 recent agreement to acquire the company at a $60 billion valuation. Elon Musk, founder of SpaceX, has been working to close the gap with competitors in AI coding tools, and this acquisition is a significa…
April 23, 2026, 6:18 a.m.