🧵 The “god-tier” projects SBF invested in: Cursor and FTX’s $3 billion miss story:

SBF @SBF_FTX once invested $200,000 for about 5% of Cursor @cursor_ai. If he held the position until now, it would be worth about $3 billion.
SpaceX @SpaceX has officially announced a strategic partnership with AI coding wonder Cursor (Anysphere). The specific terms are that Cursor grants SpaceX an option to acquire the company for $60 billion later this year; if SpaceX does not exercise it, then $10 billion will be paid as a partnership fee.
😭 The most tragic “sold at original price” in history ⬇️
FTX @FTX_Official “miracle operation” by the bankruptcy administrator
2022: Invested $200,000 ( for a 5% stake )
2023: Sold $200,000 (—thinking it was enough to break even? )
2026: Based on the $60 billion valuation given by SpaceX, this 5% is worth $30 billion. A full 15,000x surge—evaporated amid a massive fire sale.
Why is Cursor valued at $60 billion? It’s not just a bubble 🫧.
✅ Revenue myth: Cursor’s ARR (annual recurring revenue) surged from $100 million at the beginning of 2025 to $2 billion today, and it’s even projected to reach $6 billion by the end of the year.
✅ Musk @elonmusk boost: SpaceX has connected it to the Colossus supercomputing cluster—to push AI coding into a “fully automatic” era.
✅ User stickiness: Now more than half of the code worldwide is generated with AI-assisted help, and Cursor is that strongest “brain.”
SBF: Now that it’s come to this, you finally see the value of my holdings?