# Cognition AI valuation and acquisition reports

> Live situation record from CLSTR: https://clstr.news/situations/cognition-ai-valuation-and-acquisition-reports
> Updated: 2026-08-19T21:10:56.000Z. Sources: 15. Developments: 2.

AI programming startup Cognition, the developer of the autonomous coding agent Devin, has seen rapid growth in enterprise usage and revenue. Following a $26 billion valuation in May, reports emerged that the company was seeking new funding that could value it at least $40 billion.

Recent reports from Bloomberg indicate that SpaceX approached Cognition for a potential acquisition. This move reportedly follows SpaceX’s $60 billion acquisition of Cursor, signaling a strategic push into the AI-assisted programming market. 

Cognition CEO Scott Wu has publicly denied these reports, stating that the company ‘is not for sale’ and that no such negotiations have taken place. While an acquisition appears unlikely, discussions regarding a potential working relationship involving SpaceX’s computing capacity may still be considered.

## Timeline

### 2026-08-19: SpaceX reportedly approached AI startup Cognition for acquisition

Cognition CEO Scott Wu has denied reports that SpaceX attempted to acquire the AI coding startup, despite rumors of a potential compute partnership following SpaceX's recent acquisition of Cursor.

12 sources. https://clstr.news/cluster/spacex-reportedly-approached-cognition-for-acquisition-amid-ai-expansion

### 2026-08-13: Cognition seeks new funding with potential $40 billion valuation

AI startup Cognition is reportedly seeking new funding that could value the company at $40 billion, driven by the rapid enterprise adoption of its AI programming agent, Devin.

3 sources. https://clstr.news/cluster/cognition-seeks-new-funding-with-potential-40-billion-valuation

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Cite as: Cognition AI valuation and acquisition reports. CLSTR, https://clstr.news/situations/cognition-ai-valuation-and-acquisition-reports