SpaceX Acquires Pioneer Aerospace, Supplier of Dragon Spacecraft Parachutes

Follow Bollyinside on Google News

Must Read

― Advertisement ―

SpaceX acquires Pioneer Aerospace, a company that provided components for Dragon spacecraft parachutes, out of bankruptcy for $2.2 million.

  • SpaceX purchases Pioneer Aerospace for $2.2 million in a rare acquisition.
  • Pioneer Aerospace has developed parachutes for space and other applications for decades.
  • SpaceX’s acquisition is likely an effort to preserve its supply chain and avoid the cost of finding a new drogue chute supplier.
  • Both SpaceX and Boeing struggled to develop parachutes for their spacecraft, with incidents such as “lagging” parachutes.
  • SpaceX Acquires Pioneer Aerospace

    In a rare acquisition, SpaceX has purchased out of bankruptcy a company that provided components for Dragon spacecraft parachutes. Pioneer Aerospace, a company with decades of experience in developing parachutes for space and other applications, was acquired by SpaceX for $2.2 million. This move is seen as an effort to preserve SpaceX’s supply chain and address the challenges faced in developing parachutes for their spacecraft.

    Challenges in Parachute Development

    SpaceX and Boeing both faced challenges in developing parachutes for their spacecraft, with incidents such as “lagging” parachutes that opened later than expected. This acquisition of Pioneer Aerospace by SpaceX is likely aimed at addressing these challenges and ensuring a reliable supply chain for their parachutes.

    Source Credit

    Read More

    Latest Today