SpaceX Attempted to Buy AI Coding Startup Cognition
Speakers
Ed Ludlow
— Co-Host, Bloomberg Technology
Summary
Bloomberg's Ed Ludlow reports that SpaceX approached AI coding startup Cognition about a potential acquisition, but Cognition rebuffed the offer. The interest highlights how AI coding assets like Cognition and Cursor are commanding huge valuations and strategic attention. Cognition, valued around $40 billion, has enterprise traction that SpaceX finds attractive.
- SpaceX approached AI coding startup Cognition about an acquisition.
- Cognition rebuffed SpaceX's offer.
- Cognition was reported in talks for a $40 billion valuation.
- SpaceX/Elon Musk recently closed a $60 billion deal for Cursor.
- Cognition's Devin is a more autonomous coding agent with Fortune 500 adoption.
- Technology talks between SpaceX and Cognition continue outside M&A.
