FTX is back in the headlines, not because of the brand’s collapse or court change, but because of the brutality-like story built by artificial intelligence. Bankruptcy records previously showed that Alameda invested just $200,000 in Anysphere, the company behind Cursor, before the stock was later sold for the same amount. Now, SpaceX says it has secured access to the Cursor $60 billion at the end of this year, or rather to pay $10 billion about strategic partnership.
This raises the question: did FTX just miss out on billions?
What Happened to the FTX Cursor Stake?
According to FTX bankruptcy filings, Alameda invested $200,000 in Anysphere through Clifton Bay Investments, formerly known as Alameda Research. The price was later sold in 2023 at the same price of $ 200,000, which means that the FTX position came out of the company before the recent explosion of the Cursor price.
At the time, this seemed like a small and insignificant task. Today, it looks very different.
Why the Cursor Is So Urgently Needed
Cursor has become one of the most talked about AI platforms on the market, benefiting from a growing number of AI tools. Reuters reported this week that SpaceX wants to be more visible in the sector and has revealed a plan to buy Cursor from $60 billioninstead of a $10 billion strategic partnership. Reuters said the move aims to bolster SpaceX’s AI ambitions, particularly around xAI’s place in code automation.
This is what turns the old FTX history line into a big story of poor luck.
Did FTX Really Miss $3 Billion?
That number comes from simple math. If the old Alameda tree remained 5%and a $60 billion valuation can mean the value of the value $3 billion. This is why social media is making this one of the biggest misses linked to the FTX crash. This is an estimate based on previously reported stock growth and Reuters valuation.
But that number should be treated with caution.
The initial investment is usually reduced in the short term unless the investors continue to participate. So while the headline “FTX lost $3 billion” is strong, the actual amount of loss would have been much lower depending on the amount of space that would have been reduced over time. Reuters did not disclose the retained ownership because FTX was already out of business, and the bankruptcy filing only guarantees initial financing and sales.
Why This Matters Matters to Crypto
This is not Bitcoin directly or Ethereum market catalyst, but it is still a strong crypto story because it holds the long shadow of the fall of FTX. Bankruptcy exchanges not only destroy the assets of customers and trust in the entire industry. It also forced the elimination of positions that, in some cases, could be very important later. Cursor’s case is a reminder that hard selling during a crisis can cost a lot of money before it happens. This is an estimate based on the stated sales period and the highest price that SpaceX has decided today.
It also adds to a broader issue: while the crypto industry was making inroads, some of the bets surrounding it were about big tech like AI.
What Traders and Readers Should Take From It
The real lesson is not that FTX was sold too early. It’s that losing money, pressure to relax, and bad timing can ruin a decision. Alameda’s Anysphere position may seem small in 2023, but in 2026 it has become the kind of thing that people point to when discussing how much was lost in the chaos surrounding FTX.
For crypto readers, this article works because it combines all the things that drive interest: FTX, AI, Elon Musk, SpaceX, and the potential billions of dollars that were missed.
The end
FTX sold its Anysphere stake for just $200,000. Now SpaceX says it has an option to acquire Cursor for $60 billion. Whether or not Alameda’s old price would have been worth the $3 billion total reported by social media depends on the table and cup changes, so the number should be taken as a headline rather than a certainty. But the main point remains unchanged: FTX may have emerged as one of the most valuable AI stocks tied to its history before the stock became a giant.
