Musk and Cognition CEO deny report of SpaceX acquisition talks, cite Grok-related contact

Elon Musk and Cognition CEO Scott Wu said SpaceX did not try to acquire the AI startup, disputing a Bloomberg report that said the space company had sought a deal. Wu said Cognition is not for sale and that the companies had not been talking, while Musk said the only contact was about making sure Grok worked well for Cognition's needs, narrowing earlier suggestions of broader collaboration. Cognition is seeking about $1 billion at a reported $40 billion valuation, although reports differ on the value of its May round, with the existing record citing a $25 billion post-money valuation and the new report citing $26 billion. The denial comes against the backdrop of SpaceX's broader AI push described in the existing record, including its interest in AI coding tools and enterprise customers.

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