🏆 Jakob Eras@Jakob.eras

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FTX Cursor stake SpaceX acquisition

Back in 2023, during FTX's bankruptcy proceedings, the company sold its 5% stake in Cursor for just $200,000. Fast forward to today, and that same stake would be valued at over $3 billion following SpaceX's acquisition of the startup for $60 billion. A reminder of how quickly valuations can change in the tech world.

2mo

🏆 Jakob Eras@Jakob.eras

Follow

FTX Cursor stake SpaceX acquisition

Back in 2023, during FTX's bankruptcy proceedings, the company sold its 5% stake in Cursor for just $200,000. Fast forward to today, and that same stake would be valued at over $3 billion following SpaceX's acquisition of the startup for $60 billion. A reminder of how quickly valuations can change in the tech world.

2mo