SpaceX Secures Parachute Supplier for Future Missions

SpaceX has acquired Pioneer Aerospace, a company that provided components for Dragon spacecraft parachutes, out of bankruptcy for $2.2 million. Pioneer Aerospace has a long history of developing parachutes for various applications, including space missions. The acquisition is seen as a move to preserve SpaceX's supply chain and potentially save costs compared to finding a new drogue chute supplier. This acquisition is notable as SpaceX rarely buys other companies.