Key facts
- SpaceX reportedly approached Cognition AI about a potential acquisition.
- Cognition CEO Scott Wu denied that acquisition talks occurred.
- SpaceX recently acquired AI coding startup Cursor for $60 billion.
- Cognition is reportedly in early talks for new funding at a $40 billion valuation.
- SpaceX aims to bolster its AI capabilities to compete with major players.
SpaceX reportedly approached artificial intelligence coding startup Cognition AI Inc. about a potential acquisition, aiming to bolster its AI capabilities and compete with rivals like OpenAI, Anthropic, and Google. Cognition CEO Scott Wu denied the acquisition report, stating the company is not for sale and no talks have occurred. However, sources indicate discussions about potential collaboration are ongoing, including the possibility of Cognition utilizing SpaceX's computing capacity.
This reported approach follows SpaceX's recent $60 billion acquisition of AI coding startup Cursor. Cognition, known for its AI coding agent Devin and serving enterprise clients such as Mercedes-Benz, Citi, and Goldman Sachs, recently raised $1 billion at a $25 billion valuation and is reportedly seeking new funding at a $40 billion valuation.
SpaceX CEO Elon Musk has emphasized AI's growing importance to the company's future, projecting it will constitute 99% of SpaceX's value within four to five years. AI-assisted coding is seen as a key monetization area, highlighted by Anthropic's success with Claude Code and the joint release of Grok 4.6 by Cursor and SpaceX.