SpaceX's AI Shopping Spree Hits a Wall as Cognition's CEO Rejects Takeover Talk
Cognition CEO Scott Wu said the startup is not for sale and denied talks as Bloomberg reported SpaceX had pursued the AI coding company.
- Bloomberg reported SpaceX approached AI coding startup Cognition for an acquisition, but Cognition CEO Scott Wu denied the report soon after, writing that his company is "not for sale and we haven't been talking."
- Seeking to challenge rivals like OpenAI and Anthropic, Elon Musk's SpaceX has aggressively expanded its AI division, completing a $60bn purchase of coding startup Cursor on August 14.
- Acquiring Cognition and its coding agent Devin would have provided SpaceX an established enterprise customer base including Mercedes-Benz and Goldman Sachs, strengthening its push to monetize AI technology.
- Despite the failed acquisition talks, the companies reportedly remain discussing a potential arrangement for Cognition to utilize SpaceX's computing capacity, which SpaceX sells to other AI players.
- Musk recently told SpaceX employees that AI will represent 99% of the company's value in about "four or five years," underscoring the urgency to secure revenue-generating assets like Cognition.
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SpaceX's AI Shopping Spree Hits a Wall as Cognition's CEO Rejects Takeover Talk
Scott Wu didn’t waste time. Hours after Bloomberg broke the news on Aug. 19 that Elon Musk’s SpaceX had approached his AI coding startup Cognition about a possible acquisition, the CEO fired back on X. “This is not true,” he wrote. “Huge respect for the SpaceX team but Cognition is not for sale and we haven’t been talking.” Short. Direct. And it landed like a splash of cold water on what had looked like another aggressive move by Musk to bulk up…
(Seoul = Yonhap News) Reporter Jung Joo-ho = SpaceX reportedly approached the artificial intelligence (AI) coding startup 'Cognition AI' to acquire it but was rejected...
Five days after buying Cursor for $60bn, SpaceX tried to buy Cognition
SpaceX approached AI coding startup Cognition about an acquisition, Bloomberg reports, and Cognition did not engage. Chief executive Scott Wu replied publicly that his company is “not for sale and we haven’t been talking.” SpaceX approached the AI coding company Cognition about buying it, according to Bloomberg, and Cognition did not engage. It would have […] This story continues at The Next Web
SpaceX Attempted to Acquire AI Coding Startup Cognition
SpaceX approached artificial intelligence coding startup Cognition AI Inc. about a potential acquisition, according to people familiar with the matter, in what would have been its second large takeover in recent months to gain ground in the AI race.
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