SpaceX acquires Pioneer Aerospace for $2.2 million

Elon Musk’s SpaceX completed an acquisition on November 29 of the bankrupt parachute manufacturer Pioneer Aerospace

According to a bankruptcy filing filed in Florida , the parent company of Pioneer Aerospace is acquiring the aerospace company for US$2.2 million (approximately 15.708 million yuan)

According to public information, the company’s main business is manufacturing the spacecraft needed to return to the ground parachute. The acquisition was approved by a judge on November 22 without any previous reports

Source Pexels

This It is SpaceX's first public acquisition since 2021. At that time, the company acquired Swarm, a small satellite company, for US$524 million

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