FTX sold its Cursor stake for $200,000 in 2023. It would be worth $3 billion today
Burns Brief
SpaceX's agreement to acquire AI coding startup Cursor at a $60 billion valuation has retroactively turned a routine bankruptcy asset sale by FTX's estate into one of the largest missed recoveries ... 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.
SpaceX's agreement to acquire AI coding startup Cursor at a $60 billion valuation has retroactively turned a routine bankruptcy asset sale by FTX's estate into one of the largest missed recoveries in crypto history.
Key Takeaways
- FTX sold its Cursor stake for $200,000 in 2023. It would be worth $3 billion today — traders are closely monitoring developments.
- Market participants should stay alert to volume and momentum signals.
- Further confirmation is needed before establishing new positions.