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-05.13.24

Airborne-NextGen-05.14.24

Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

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

ANN's Daily Aero-Term (05.16.24): Instrument Runway

Instrument Runway A runway equipped with electronic and visual navigation aids for which a precision or nonprecision approach procedure having straight-in landing minimums has been>[...]

ANN's Daily Aero-Linx (05.16.24)

Aero Linx: Alaska Airmen's Association The Alaska Airmen's Association includes over 2,000 members—we are one of the largest General Aviation communities in the country. We s>[...]

Airborne 05.15.24: Ghost Sq MidAir, B-2 Junked, Dream Chaser Readies

Also: Flt School Security, G600 Steep-Approach, Honduran Aid, PW545D Cert Two aircraft performing at the Fort Lauderdale Air Show clipped wings during a routine last Sunday, spooki>[...]

Airborne 05.10.24: Icon Auction, Drunk MedEvac Pilot, Bell ALFA

Also: SkyReach Parts Support, Piper Service Ctr, Airliner Near-Miss, Airshow London The Judge overseeing Icon's convoluted Chapter 11 process has approved $9 million in Chapter 11 >[...]

Airborne Affordable Flyers 05.16.24: PRA Runway, Wag-Aero Sold, Young Eagles

Also: Paramotor Champ's, Electric Ultralight, ICON BK Update, Burt Rutan at Oshkosh! The Popular Rotorcraft Association is reaching out for help in rebuilding their private runway >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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