FTX Liquidation Sells Alameda's Stake in Cursor at Cost Despite Potential $3 Billion Value

FTX's bankruptcy proceedings have led to the liquidation of Alameda Research's $200,000 investment in Cursor at its original cost, despite the stake's current estimated value of approximately $3 billion. According to NS3.AI, Alameda participated in Cursor developer Anysphere's $400,000 pre-seed funding round in April 2022, alongside Heroic Ventures, acquiring about 5% equity. In a related development, SpaceX has reached a preliminary agreement with Cursor, which includes an option to acquire the company later this year at a valuation of $60 billion or alternatively pay $10 billion to expand their cooperation.