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Space Exploration Technologies Corp.<\/strong> CEO Elon Musk<\/strong> has denied that the commercial spaceflight company tried to acquire artificial intelligence (AI) startup Cognition AI<\/strong>. <\/p>\n SpaceX Did Not Try To Acquire Cognition <\/p>\n On Wednesday, Cognition CEO Scott Wu<\/strong> took to the social media platform X<\/strong> after Bloomberg reported that SpaceX had tried to acquire the company. “This is not true,” Wu said. “Huge respect for the SpaceX team but Cognition is not for sale and we haven’t been talking,” he added. <\/p>\n This is not true. Huge respect for the SpaceX team but Cognition is not for sale and we haven’t been talking. https:\/\/t.co\/U5Y0pPx4Gw<\/a> <\/p>\n \u2014 Scott Wu (@ScottWu46) August 19, 2026<\/a> <\/p>\n<\/blockquote>\n Don’t Miss:<\/strong> <\/p>\n Musk responded to Wu, backing the CEO’s comments. “What Scott says is accurate,” he said, adding that SpaceX had not held conversations with Cognition about “anything except making sure Grok works well for their needs.” <\/p>\n What Scott says is accurate. <\/p>\n We haven’t talked with Cognition about anything except making sure Grok works well for their needs. <\/p>\n \u2014 Elon Musk (@elonmusk) August 19, 2026<\/a> <\/p>\n<\/blockquote>\n Cognition was recently in talks of securing fresh funding, eyeing a $40 billion valuation, as it plans to raise roughly $1 billion in the latest funding round. The company’s last funding round in May valued the company at $26 billion. <\/p>\n See Also: <\/strong>Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time<\/strong><\/a> <\/p>\n Elon Musk Touts Starship Recovery <\/p>\n Musk recently confirmed that the commercial spaceflight giant was recovering the Starship rocket following its 13th flight test from the Indian Ocean near Christmas Island after the rocket spent nearly 24 days at sea. Musk had earlier said that the rocket’s recovery was looking difficult. <\/p>\n On the other hand, Musk warned that an Ohio data center project backed by chipmaker Nvidia Corp<\/strong> and intended to support OpenAI<\/strong> could take much longer to bring online than expected, after reports emerged that the company was providing a guarantee of up to $105 billion tied to OpenAI’s lease the data center being developed by Japan’s SoftBank Group<\/strong>-owned SB Energy<\/strong>. <\/p>\n According to Benzinga Edge Rankings, SpaceX provides a favorable price trend in the Short, Medium and Long term. <\/p>\n Photo courtesy: Shutterstock <\/p>\n Read Next:\u00a0<\/strong> <\/p>\n Story Continues <\/p>\n Building Wealth Across More Than Just the Market<\/strong> <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. 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For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/strong><\/a> \u2014 fully managed, with no landlord headaches. <\/p>\n Fundrise<\/strong> <\/p>\n Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate<\/strong><\/a> <\/strong>and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth. <\/p>\n Qnetic<\/strong> <\/p>\n As electricity demand rises alongside AI, data centers, and renewable energy, long-duration energy storage is becoming increasingly important. Qnetic is developing a kinetic energy storage system designed to provide long-lasting, chemical-free electricity storage<\/strong><\/a>, <\/a>offering investors exposure to the infrastructure supporting a more resilient and reliable power grid. <\/p>\n Mode Mobile<\/strong> <\/p>\n Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day.<\/strong><\/a> Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte’s fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream.\u00a0 <\/p>\n EquityMultiple<\/strong>\u00a0 <\/p>\n For accredited investors looking beyond stocks and bonds, <\/strong>EquityMultiple provides access to vetted commercial real estate deals starting at $5,000<\/strong><\/a>,<\/a> with only ~5% of opportunities passing their due diligence process.\u00a0 <\/p>\n\n
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