CoinDesk reports that on April 22, Anysphere, the developer of AI programming startup Cursor, completed a $400,000 Pre-Seed round in April 2022, with joint investments from Alameda Research and Heroic Ventures. Alameda invested $200,000 in Anysphere, acquiring approximately 5% equity. FTX’s bankruptcy filings reveal that in April 2023, the FTX bankruptcy estate sold the shares held by Alameda Research’s entity in Anysphere for $200,000. Today, SpaceX announced a partnership with Cursor to jointly develop the next generation of AI for coding and knowledge work. The specific terms grant SpaceX an option to acquire Cursor for $60 billion later this year; if SpaceX does not exercise the option, it will instead pay $10 billion as a collaboration fee. Cursor is now valued at $60 billion, meaning that, based on the current valuation, the shares previously sold by FTX were worth approximately $3 billion.
SBF's FTX sold a 5% stake in Cursor for $200,000, now worth $3 billion
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Summary
In 2022, FTX’s Alameda Research invested $200,000 in Anysphere, the maker of the AI coding tool Cursor, securing a 5% stake. The stake was sold in April 2023 at the same price due to CFT compliance measures. Cursor is now valued at $60 billion, making the stake worth $3 billion. SpaceX has agreed to collaborate with Cursor and may acquire it for $60 billion later this year, as MiCA regulations continue to shape the crypto landscape.
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