In 2023, FTX sold its 5% stake in Cursor for $200k as part of its bankruptcy proceedings.
Today, that stake would be worth over $3,000,000,000 after SpaceX $SPCX acquired the startup for $60 billion.
SBF’s sleepless prison nights just got worse...
In 2022, Alameda (FTX) dropped $200k into Cursor pre-seed → ~5% stake at a ~$4M valuation.
FTX bankruptcy sold the entire position back at cost.
Today, that 5% would be worth $3B - a 15,000x return.