The Vault · 2026-04-23 06:54:05 · CoinDesk
The bankruptcy estate of FTX sold its stake in AI coding startup Cursor for just $200,000 in 2023—a transaction that now appears as one of the most costly asset disposals in crypto history. SpaceX's reported agreement to acquire Cursor at a $60 billion valuation has retrospectively transformed the routine bankruptcy sa...
The Vault · 2026-04-23 15:24:08 · CoinTelegraph
The bankruptcy estate of failed cryptocurrency exchange FTX sold its stake in Cursor—an AI-powered code editor—for merely $200,000 during asset liquidation proceedings in 2023. That same stake is now estimated to be worth approximately $3 billion, exposing a valuation gap that has reignited scrutiny over how the estate...
The Vault · 2026-05-06 07:01:39 · Bloomberg Markets
China's primary state-backed semiconductor investment vehicle is in negotiations to spearhead a major fundraising round for DeepSeek, potentially valuing the AI research laboratory at approximately $45 billion, according to sources familiar with the matter. The development signals Beijing's intensifying push to consoli...