SpaceX just acquired Cursor for $60 billion and is now rumored to be offering a price to acquire Cognition.

Insightful Beating AI Newsflash, SpaceX has just spent $60 billion to acquire Cursor, and has been rumored to eye another AI programming company, Cognition. Bloomberg, citing sources familiar with the matter, reported that SpaceX had made a proactive offer to acquire Cognition, but the latter did not engage in acquisition talks. The two sides are reportedly still discussing other collaborations, including enabling Cognition to leverage SpaceX's computing power.

Cognition's core product is the AI programming Agent Devin, which can autonomously take on tasks, write code, fix bugs, and run tests. The company was valued at $26 billion during its May funding round, and is now in talks for a new funding round at a valuation of at least $40 billion. Bloomberg stated that SpaceX is interested not only in Cognition's technology but also in its established business operations.

However, Cognition CEO Scott Wu later stated on X that the report was "not true," emphasizing that Cognition is "not for sale" and the two parties are "not in talks." Bloomberg reporter Rebecca Torrence subsequently responded that the report only mentioned that SpaceX had made a proactive acquisition offer, without indicating that Cognition had accepted the offer or participated in negotiations.