As SpaceX's stock price soars, FTX's investment in SpaceX could yield billions in returns

Odaily Planet Daily News As SpaceX's market value exceeds $2.5 trillion following its IPO last week, creditors of the bankrupt crypto exchange FTX may benefit. Before FTX's collapse in 2022, it invested $190 million in SpaceX through a fund from venture capital firm K5 Global.

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