SpaceX buys the company that makes its Dragon parachutes
According to a Florida bankruptcy filing dated November 22, 2023, SpaceX has purchased for $2.2 million Pioneer Aerospace, the company that has been manufacturing the parachutes used by its Dragon cargo and manned capsules.
Apparently SpaceX bought the company in order to make sure its parachutes would still be available. This purchase also brings that operation into SpaceX itself, so that the company is no longer dependent on an outside vendor. Since its early days SpaceX has attempted to build as much as possible in-house, and this buy follows that policy.
According to a Florida bankruptcy filing dated November 22, 2023, SpaceX has purchased for $2.2 million Pioneer Aerospace, the company that has been manufacturing the parachutes used by its Dragon cargo and manned capsules.
Apparently SpaceX bought the company in order to make sure its parachutes would still be available. This purchase also brings that operation into SpaceX itself, so that the company is no longer dependent on an outside vendor. Since its early days SpaceX has attempted to build as much as possible in-house, and this buy follows that policy.