FTX estate misses out on $3B Cursor stake value after $200K sale in 2023
Burns Brief
The FTX estate sold its Cursor stake for $200K in 2023, now worth $3B after a SpaceX-linked valuation surge, raising questions about bankruptcy asset sales Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The FTX estate sold its Cursor stake for $200K in 2023, now worth $3B after a SpaceX-linked valuation surge, raising questions about bankruptcy asset sales.
Key Takeaways
- The FTX estate sold its Cursor stake for $200K in 2023, now worth $3B after a SpaceX-linked valuation surge, raising questions about bankruptcy asset sales