FTX Cursor sale: $200K stake now ~ $3B as SpaceX rights spark missed-upside scrutiny

Di estate wey handle FTX bankruptcy sell 5% stake for Cursor (Anysphere) for $200,000 in April 2023. New reports dey link Cursor to SpaceX right to buy am and dem estimate say Cursor fit dey worth near $60 billion, meaning the 5% we dem sell for FTX fit now worth about $3 billion. This matter don dey framed as big missed upside and e don make people dey look again how the estate handle early asset liquidation. SpaceX talk say dem get right to acquire Cursor later this year at $60 billion valuation, and if the deal waka comot dem fit pay $10 billion breakup fee — terms like this dey shape how market dey see the timing of the FTX Cursor sale. The article still talk say Alameda Research invest the same $200,000 into Anysphere in April 2022, the same amount wey the bankruptcy estate later collect. Sam Bankman-Fried, wey dey serve 25-year federal jail term, dey argue from prison say the FTX estate destroy tens of billions in potential value by selling assets too quick, and e cite the FTX Cursor sale as example. Another estimate from Bull Theory talk say some assets wey dem sell early fit be worth about $114 billion in total if dem hold am through later market cycles, while the estate reportedly recover about $18 billion for users. For crypto traders, this one no too concern immediate token fundamentals but na about sentiment around forced liquidation, bankruptcy governance, and “reprice later” outcomes — things wey fit affect risk appetite for the broader tech/crypto crossover story.