FTX Estate Sold Cursor Stake for $200K: It’s Now Worth $3 Billion

The FTX bankruptcy estate sold a 5% stake in AI coding startup Cursor for $200,000 in April 2023.That same stake, following SpaceX’s agreement to acquire Cursor at a $60 billion valuation, is now worth approximately $3 billion. A 15,000x gap realized by whoever bought it from the estate rather than by the creditors the estate existed to protect.The core question is whether distressed asset liquidation under ban…