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Cognition CEO Rejects Bloomberg Report of SpaceX Acquisition Talks
Key Points
- Bloomberg reported SpaceX was in talks to acquire AI coding startup Cognition.
- Cognition CEO Scott Wu denied the report, stating the company is not for sale and no talks have occurred.
- SpaceX completed a $60 billion acquisition of Cursor and recently saw xAI’s IPO reach a $2.3 trillion market cap.
- Potential collaboration may involve Cognition using SpaceX’s computing capacity.
- Cognition recently raised $1 billion at a $25 billion valuation and is exploring a new funding round at $40 billion.
- Cognition’s client list includes Mercedes‑Benz, Citi and Goldman Sachs.
- The startup acquired Windsurf’s assets after Google DeepMind’s $2.4 billion talent deal.