Crypto
SpaceX valuation surge raises hopes of more FTX creditor repayments
A surge in SpaceX’s valuation is raising expectations that creditors of bankrupt crypto exchange FTX could receive additional repayments, as FTX previously gained exposure to SpaceX through investments linked to venture capital firm K5 Global. Creditors point to SpaceX’s sharp rise in valuation and estimates that related assets could be worth billions of dollars, though dilution may reduce that figure. FTX’s repayment process is already well advanced, but the estate has not outlined any plan for the SpaceX-linked holdings.
