With the surge in SpaceX's stock price, FTX's investment returns from SpaceX could reach tens of billions of dollars

Odaily reported that since SpaceX's market value exceeded $2.5 trillion after its IPO last week, creditors of the bankrupt crypto exchange FTX may stand to benefit. Before FTX's collapse in 2022, it invested $190 million in SpaceX through a fund managed by venture capital firm K5 Global.

Creditor representative Sunil Kavuri stated that based on SpaceX's current market value, the value of FTX's exposure to its investment in SpaceX could reach tens of billions of dollars. Previously, FTX restructuring trust CEO John J. Ray III noted that the performance of the co-investment with K5 Global will be a key driver in asset recovery efforts. (decrypt)