FTX Estate Sold Cursor Stake for $200K; SpaceX Has $60B Option

FTX’s bankruptcy estate sold Alameda Research’s early stake in Anysphere, the developer of the AI code editor Cursor, for $200,000 in 2023. On April 21, 2026 SpaceX secured an option to acquire Anysphere for $60 billion.

Alameda invested $200,000 in Anysphere’s $400,000 pre-seed round in April 2022, taking an early equity position. After FTX collapsed in November 2022 amid disclosures that Alameda had drawn on customer deposits, the bankruptcy estate sold the Anysphere stake in 2023 for the same $200,000 Alameda had paid.

Anysphere later raised $900 million in a round led by Thrive Capital that valued the company at about $9 billion. At that valuation, the equity sold by the FTX estate would be worth an estimated $500 million.

By April 2026, Cursor reported more than one million daily active users, processed roughly 150 million lines of enterprise code per day, counted 67% of Fortune 500 companies among its clients and reached over $1 billion in annualized recurring revenue. Private fundraising discussions in the days before the SpaceX announcement placed Anysphere’s valuation above $50 billion.

Under the April 21 agreement, SpaceX and Anysphere announced a strategic partnership that gives SpaceX an option to buy Anysphere for $60 billion. The deal also allows SpaceX to pay $10 billion for joint development using its Colossus supercomputer to co-develop coding AI models. SpaceX’s decision on exercising the purchase option is expected later in 2026.

The FTX estate has made several distributions to creditors, including a $2.2 billion distribution approved in early 2026 for senior creditor classes. Whether the 2023 sale of the Anysphere stake will be reviewed further in the ongoing bankruptcy proceedings has not been disclosed.