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. A 5 percent stake in AI coding startup Cursor that FTX’s bankruptcy estate sold for $200,000 in 2023 would be worth about $3 billion under SpaceX’s new $60 billion deal for the company. The windfall instead goes to the buyer of the bankruptcy stake, sharpening criticism th…
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