SpaceX to Acquire Pioneer Aerospace | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.20.24

Airborne-Unlimited-05.28.24

 Airborne-FlightTraining-05.29.24 Airborne-Unlimited-05.30.24

Airborne-Unlimited-05.24.24

Thu, Nov 30, 2023

SpaceX to Acquire Pioneer Aerospace

Spacefaring Parachute Company in Rocketeer's Sights in Rare Purchase

Pioneer Aerospace will be bought up by SpaceX thanks to its parent company's bankruptcy (and the many creditors who appear to be getting screwed over in the process) to the tune of a paltry $2.2 million, bringing the spacecraft parachute specialist under the SpaceX umbrella.

 

The last acquisition by SpaceX came at a much stiffer $524 million, when it bought up satellite network underdog Swarm. They're getting a lot for their money this time around. Pioneer has a storied history that stretches all the way back to its 1938 founding, including a resume of impressive NASA and SpaceX missions.

Pioneer Aerospace just had the unfortunate luck of being acquired by Aviation Safety Resources in June of 2022, a company that 17 months later washed upon the shores of bankruptcy. It's some consolation that they will find themselves comfortably integrated into a like-minded, space-centric bunch at SpaceX. They should prove to be in much better hands than they were with ASR, in any case.

FMI: www.spacex.com

Advertisement

More News

USCG MH-60 To The Rescue (Again) -- Rescues 4 Boaters

Capsized Vessel Located Near Dauphin Island, Alabama The Coast Guard rescued four boaters after their vessel capsized near Dauphin Island, Alabama, Thursday. Coast Guard District E>[...]

Gray Eagle Order Placed for Army National Guard

Reserve Components Looking to Improve In-House General Atomics Aeronautical Systems announced a fresh order for a dozen Gray Eagle 25M UAVs with accompanying equipment, for fulfill>[...]

Aero-Biz Survival 101 (1120a): Expert Ideas To Help You Through Tough Times

Brand New! Avoid The Need For A Comeback... Get Your Marketing Right, Right Now! Some time ago, the Aero-News Network, responding to numerous requests, established a marketing and >[...]

Airborne 06.03.24: Rotax 915/916 SB, Starship 4 Ready?, B-17 Mementos

Also: Hubble On Pause, FedEx Pilots Picket, Nexus eVTOL, VFS Honors The Rotax folks have published a Service Bulletin after issues were noted that may affect all R915i and R916i se>[...]

Mid-Continent Instruments and Avionics Mourns Former Leader

John W. Winter of AEA and Avionic Fame Passes John W. Winter brought Mid-Continent Instrument Company into the modern era in 1980, purchasing the firm and using it as a base for ex>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne-NextGen 06.04.24: Drone Bill HR 8416, Pivotal-USAF, Gray Eagle

Airborne 06.03.24: Rotax 915/916 SB, Starship 4 Ready?, B-17 Mementos

Airborne 05.31.24: 1Q GA Sales, 200th ALTO LSA, Spitfire Grounding

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC