FTX's SpaceX Holdings Valued at Billions Following SpaceX's Listing at $2.52 Trillion Market Cap

According to Odaily, following SpaceX's public listing, the company's market capitalization surged to over $2.52 trillion. FTX, the failed cryptocurrency exchange now in bankruptcy, held an indirect stake in SpaceX through venture capital firm K5 Global. K5's funds had invested $190 million in SpaceX prior to FTX's 2022 collapse. Debt committee representative Sunil Kavuri estimates FTX's current exposure to SpaceX could be worth billions of dollars based on the platform's recent valuation.
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