FTX's $190 Million SpaceX Investment Worth Potentially Billions After Last Week's IPO

According to Odaily, SpaceX completed its initial public offering last week with a valuation exceeding $2.5 trillion. The bankrupt cryptocurrency exchange FTX, which had invested $190 million in SpaceX through venture capital firm K5 Global before its 2022 collapse, may now see its creditors benefit significantly. Creditor representative Sunil Kavuri stated that FTX's investment exposure in SpaceX could be worth billions of dollars based on the company's current valuation, according to Decrypt.
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