FTX's $200,000 Cursor Stake Now Valued at $3 Billion After SpaceX Acquisition
In a striking turn of events, FTX's bankruptcy estate sold a 5% stake in AI coding startup Cursor for $200,000 in April 2023, a stake now valued at approximately $3 billion following SpaceX's agreement to acquire the company at a $60 billion valuation. This deal is part of Elon Musk's strategy to bridge the gap with competitors in AI coding tools, an area where his company, xAI, is currently lagg…
April 23, 2026, 6:18 a.m.