Bankman-Fried's FTX sold its Cursor stake for $200,000 in 2023. It would be worth $3 billion today
By Shaurya Malwa
Published on April 23, 2026.
A 5% stake in AI coding startup Cursor that FTX's bankruptcy estate sold for $200,000 in 2023 would be worth $3 billion today, following SpaceX's agreement to acquire the company at a $60 billion valuation. The move is seen as SpaceX's move to close the gap with OpenAI and Anthropic on AI coding tools. SpaceX is holding off on immediate acquisition due to its planned initial public offering with a $2 trillion valuation, with the $10 billion serving as a breakup fee. FTX founder Sam Bankman-Fried, currently serving a 25-year federal sentence, argues that the estate destroyed billions in value by liquidating assets too quickly during the bankruptcy.
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