Cognition CEO Scott Wu has publicly denied a Bloomberg report claiming Elon Musk's SpaceX attempted to acquire the AI coding startup, stating on X that Cognition "is not for sale" and that no talks had taken place between the two companies. The report emerged days after SpaceX completed its $60 billion acquisition of rival coding startup Cursor, fuelling speculation that Musk's company was aggressively expanding its AI coding portfolio as it seeks to close the gap with OpenAI, Anthropic and Google.

Bloomberg's sources said deal talks are no longer active, though the two firms may still explore a partnership, potentially involving Cognition using SpaceX's spare computing capacity. Cognition, maker of the coding agent Devin, counts Mercedes-Benz, Citi and Goldman Sachs among its enterprise clients, and raised $1 billion in May at a $25 billion valuation, with Bloomberg reporting early talks now under way for a new round at $40 billion. SpaceX, which folded in Musk's xAI earlier this year and went public in June at a peak valuation near $2.3 trillion, has been pushing AI-assisted coding as a key revenue driver, though its Grok chatbot has faced repeated controversies. Neither SpaceX nor Cognition responded to requests for comment.