SpaceX Approached AI Coding Startup Cognition About Acquisition, Talks Now Focus on Compute Deal

Bloomberg reports SpaceX approached Cognition — maker of the Devin AI coding agent — about a potential acquisition, days after closing its $60B Cursor deal. Acquisition talks are no longer active, but the companies are now discussing letting Cognition run on SpaceX compute. Cognition was valued at $26B in May and is in early talks for a fresh round above $40B.