With SpaceX's share price soaring, FTX's investment returns from SpaceX could reach billions of dollars

Odaily Planet Daily News As SpaceX's market value surpassed $2.5 trillion after its IPO last week, creditors of the bankrupt crypto exchange FTX could benefit. Before FTX's collapse in 2022, it had 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 investment exposure in SpaceX could reach billions of dollars. FTX Restructuring Trust CEO John J. Ray III had previously stated that the performance of the co-investment with K5 Global would be a key driver of asset recovery efforts. (decrypt)