FTX Estate Loses $3B Stake in Cursor
April 23, 2026 at 14:33
0
✦ AI Summary
- FGX estate sold its Cursor stake for just $200K
- The stake is now valued at $3 billion due to SpaceX involvement
- This raises concerns about bankruptcy asset valuation practices
The FTX estate recently made headlines after selling its Cursor stake for a mere $200,000 in 2023. This decision appears problematic as the stake has skyrocketed to a valuation of $3 billion following a surge linked to SpaceX investments. This drastic discrepancy raises significant concerns about the valuation strategies employed during bankruptcy asset sales.
Share: