SpaceX Surges Past $2.52T Post-IPO, Lifting FTX Creditors' Expected Payouts

SpaceX's market value soared beyond $2.52 trillion following last week's IPO, potentially boosting recoveries for FTX creditors who were harmed by the defunct crypto exchange's 2022 collapse. FTX held a stake in the rocket-maker through venture firm K5 Global, which invested $190 million in SpaceX before the exchange imploded.

According to creditor advocate Kyle Schmidt, projections suggest final distributions to FTX customers could reach 171% of their claims for those with claims above $50,000, up from the 96.6% already distributed. The exchange has already paid out $10.3 billion to customers. In January 2025, FTX's recovery trust reached a settlement with K5 Global to work together on maximizing creditor recoveries, resolving a prior lawsuit seeking to claw back $700 million in misappropriated funds. K5 still lists SpaceX in its portfolio.