Known for its contributions to a variety of space applications, including Mars missions, Pioneer Aerospace adds value to SpaceX’s portfolio. The acquisition underscores the difficulty of developing reliable parachutes for spacecraft, which has become an unexpected challenge for companies like SpaceX and Boeing.
Although SpaceX did not disclose details of the deal, industry experts believe this rare acquisition strategically protects SpaceX’s interests in maintaining a reliable and trouble-free parachute system that is critical for human spaceflight.
Source: Ferra
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