Cognition CEO Denies Report of SpaceX Acquisition Talks
Bloomberg reported that Elon Musk’s SpaceX attempted to acquire AI coding startup Cognition, citing sources familiar with the matter. However, Cognition's CEO Scott Wu quickly denied these claims on X, stating the report was inaccurate and emphasizing that there have been no talks between the two companies. The denial follows a recent $60 billion acquisition of another AI coding firm, Cursor, by SpaceX. SpaceX has made significant moves in the AI space this year, including acquiring Musk’s xAI company earlier in 2024 before its IPO and building data center ambitions for future operations in space. Despite these efforts, xAI remains early-stage and faces challenges with Grok's controversial behavior that have hindered enterprise adoption. Cognition has attracted attention as a major independent AI coding startup, having raised $1 billion at a $25 billion valuation last month and now reportedly exploring new funding rounds valued up to $40 billion. The company recently acquired assets from competitor Windsurf after Google DeepMind hired its leadership for talent and licensing rights.
Topics: Acquisition Attempts AI Cognition Cursor SpaceX