Cognition CEO denies report that SpaceX tried to acquire the startup
Cognition CEO Scott Wu has denied reports that SpaceX attempted to acquire his AI coding startup. The denial follows recent industry speculation regarding SpaceX's aggressive expansion into AI-assisted coding tools.
Why it matters
This highlights the intense competition and consolidation occurring in the AI coding sector as major players like SpaceX seek to monetize agentic AI tools.
Elon Musk’s SpaceX attempted to acquire AI coding startup Cognition as it works to catch up to OpenAI, Anthropic, and Google in the AI race, Bloomberg reported Wedesday , citing sources familiar with the matter.
Cognition CEO Scott Wu disputed the report soon after it published, writing on X that the story was inaccurate and that Cognition “ is not for sale ,” adding that the two companies haven’t been in talks.
The report comes a few days after SpaceX’s $60 billion acquisition of Cursor, another AI coding startup, whose deal closed last week.
SpaceX acquired Musk’s AI company, xAI, earlier this year. It then went public in a blockbuster IPO in June , with its market capitalization rising to nearly $2.3 trillion at its peak.
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