Following Cursor, SpaceX attempted to acquire another well-known AI startup. Why this attempt failed
Elon Musk’s SpaceX has approached AI startup Cognition about a potential acquisition, but has so far been turned down.
Elon Musk’s SpaceX has approached AI startup Cognition about a potential acquisition, but has so far been turned down.
Bloomberg writes about this, citing its sources informed on this issue.
After SpaceX recently completed its $60 billion acquisition of Cursor, the purchase of Cognition would be the second major acquisition in the past few months that would allow Musk’s company to strengthen its position in the artificial intelligence race.
According to one of the sources, Cognition has not agreed to the sale, but discussions about potential cooperation are ongoing. In particular, Cognition is reportedly interested in using SpaceX’s computing power.
Bloomberg recalls that in the May funding round, Cognition was valued at $26 billion, and the company is in early talks with investors about new funding at a valuation of at least $40 billion.
In a social media post, Cognition CEO Scott Wu said his company «is not for sale and we are not in talks.»
Wu has previously said, both publicly and in conversations with investors, that he has no interest in selling the business. In May, he told Bloomberg that the $1 billion in funding «allows us to continue operating as an independent business.»
Founded in 2023, Cognition’s flagship product is an artificial intelligence agent called Devin, designed to automate the programming process for engineers. According to some sources, SpaceX’s interest in Cognition was driven not only by its technology but also by its business progress.
As dev.ua wrote, back in 2024, the American company Cognition introduced the Devin AI-based tool, which the developers call «the world’s first fully autonomous AI software developer.»
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