FTX's Cursor Investment Surges to $3 Billion After SpaceX Deal

The sale of the Cursor stake for only $200K contrasts sharply with its current valuation of $3 billion, reflecting a dramatic increase linked to SpaceX's acquisition efforts. This highlights potential undervaluation and missed opportunities in distressed asset sales within the crypto bankruptcy context. Investors and creditors will scrutinize the valuation procedures amid concerns of market distortions and asset liquidity.