FTX is back in the headlines, not because of a token collapse or a court update, but because of a brutal what-if story tied to artificial intelligence. Bankruptcy filings previously showed that Alameda had invested just $200,000 in Anysphere, the company behind Cursor, before that stake was later sold for the same amount. Now, SpaceX says it has secured an option to acquire Cursor for $60 billion later this year, or instead pay $10 billion for a strategic partnership.
That instantly raises the question: did FTX just miss out on billions?
What Happened to the FTX Cursor Stake?
According to reporting on FTX bankruptcy filings, Alameda invested $200,000 in Anysphere through Clifton Bay Investments, an entity formerly known as Alameda Research. The stake was later sold in 2023 for the same $200,000, meaning the FTX estate exited the company long before the latest explosion in Cursor’s value.
At the time, this looked like a small and largely irrelevant venture position. Today, it looks very different.
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