Bloomberg
• Edward Ludlow, Natasha Mascarenhas, Rebecca Torrence
SpaceX approached Cognition AI, the developer of an AI coding platform, about a potential acquisition, according to people familiar with the matter. The deal would have marked SpaceX’s second large takeover in recent months as Elon Musk’s space company seeks to strengthen its position in artificial intelligence.
M&A
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SpaceX approached Cognition AI, the developer of an AI coding platform, about a potential acquisition, according to people familiar with the matter. The deal would have marked SpaceX’s second large takeover in recent months as Elon Musk’s space company seeks to strengthen its position in artificial intelligence.
Intuitive Machines’ $853.3 million acquisition of Maxar Space Systems remains unproven, but a three-satellite order and potential orbital data-center applications strengthen the strategic rationale. The transaction gives Intuitive Machines exposure to large-satellite manufacturing while adding possible growth beyond its existing space businesses.
South African regional carrier and ACMI specialist CemAir is challenging FlySafair’s proposed takeover at a tribunal, adding an industry competitor’s formal opposition to the transaction. The case could shape the competitive landscape for South Africa’s airline market, subject to the tribunal’s review and decision.
Peru’s competition watchdog has approved Abra Group’s acquisition of control of SKY Airline following a second-phase review, subject to limits on exclusivity. The transaction brings the Chilean low-cost carrier into the group that includes Avianca, expanding Abra’s position in Latin American aviation.
A $1.8 billion transaction involving Air Canada’s loyalty program suggests the customer-rewards business is worth more than the airline itself, highlighting the financial value of frequent-flyer data, membership and recurring partner revenues relative to core airline operations.
Hainan Airlines plans to sell an 80% stake in its aircraft part-out business, signaling a change in ownership for an operation focused on dismantling aircraft and recovering value from components. The transaction could reshape the unit’s strategic and commercial direction.
A Hong Kong-based private equity firm has submitted a plan to rescue SriLankan Airlines, potentially opening a new path for the carrier’s ownership, financing and restructuring. The proposal highlights continued investor interest in distressed airline assets and the challenges facing Sri Lanka’s flag carrier.
Boeing’s decision to sell Wisk Aero is being viewed by analysts as a targeted effort to exit a struggling, non-core air-taxi business rather than the start of another divestment wave. The move reflects the aerospace giant’s focus on its broader turnaround priorities.
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