FTX is back in the headlines, not because of the token collapse or the court update, but because of the brutal what-if story associated with artificial intelligence. Bankruptcy filings previously showed that Alameda invested just $200,000 in Anysphere, the company behind Cursor, before that stake was later sold for the same amount. Now, SpaceX says it has obtained an option to acquire Cursor 60 billion dollars Later this year, or pay instead 10 billion dollars For a strategic partnership.
This immediately raises the question: Has FTX lost billions?
What happened to the FTX index share?
According to FTX bankruptcy filings, Alameda invested $200,000 in Anysphere through Clifton Bay Investments, an entity formerly known as Alameda Research. The stake was later sold in 2023 for the same $200,000, meaning FTX ownership exited the company long before the recent explosion in Cursor’s value.
At the time, this seemed like a small and largely irrelevant project. Today, it looks very different.
Why has the indicator suddenly become so important?
Cursor has become one of the most talked-about AI programming platforms on the market, capitalizing on the broader boom in AI developer tools. Reuters reported this week that SpaceX wants deeper exposure to the sector and revealed an option to buy Cursor for it 60 billion dollarswith alternative A 10 billion dollars Strategic partnership. Reuters said that this move aims to enhance SpaceX’s ambitions in the field of artificial intelligence, especially regarding xAI’s place in code automation.
This is what turns the old FTX portfolio line into a huge story of missed opportunities.
Did FTX Really Lose $3 Billion?
This number comes from a simple calculation. If Alameda’s old stake had remained intact 5%Then A 60 billion dollars Valuation means a share worth approx 3 billion dollars. That’s why social media is framing this as one of the biggest missed bets associated with the FTX collapse. This is a conclusion based on the historical stake size reported and option value reported by Reuters.
But this number should be treated carefully.
Startups’ stakes are typically diluted across subsequent funding rounds unless investors continue to participate. So, while the headline “FTX lost $3 billion” is strong, the real upside lost could have been less material depending on how much the position was diluted over time. Reuters did not report the exact ownership held because FTX has already exited, and coverage of the bankruptcy filing only confirms the original investment and sale amount.
Why is this story important for cryptocurrencies?
This is not a direct Bitcoin currency Ethereum A catalyst for the market, but it is still a powerful crypto story as it embodies the long shadow of the FTX collapse. The stock exchange’s bankruptcy not only destroyed customer assets and confidence throughout the industry. It also led to the liquidation of positions that, in some cases, may have subsequently become very valuable. The index case is a reminder that distress selling during periods of crisis can lead to losses before a significant uptrend emerges elsewhere. This is a conclusion based on the timing of the announced sale and the much higher value implied by today’s SpaceX option.
It also feeds into a broader narrative: While cryptocurrency companies were imploding, some of the venture-style bets around them were still touching on key technology trends like artificial intelligence.
What should traders and readers take from it?
The real lesson is not to just sell FTX too early. Bankruptcy, forced break-ups, and bad timing can ruin the choice. The Alameda Anysphere’s position may seem simple in 2023, but in 2026 it has become the type of asset people point to when discussing how much value is lost in the chaos surrounding FTX.
For crypto readers, the story works because it combines all the attention-grabbing elements: FTX, AI, Elon Musk, SpaceX, and a potential multibillion-dollar lost bounty.
conclusion
FTX sold its stake in Anysphere for just $200,000. Now SpaceX says it has an option to acquire Cursor for $60 billion. Whether Alameda’s old stake is truly worth the $3 billion suggested by social media depends on dilution and cap table changes, so this number should be treated as a headline estimate rather than a certainty. But the larger point remains unchanged: FTX may have exited one of the most valuable AI bets tied to its legacy portfolio before the asset became a behemoth.
