{"id":177099,"date":"2023-11-30T05:25:07","date_gmt":"2023-11-30T11:25:07","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/11\/spacex-acquires-parachute-company-for-2-2m-because-it-turns-out-space-rated-parachutes-are-very-hard"},"modified":"2023-11-30T05:25:07","modified_gmt":"2023-11-30T11:25:07","slug":"spacex-acquires-parachute-company-for-2-2m-because-it-turns-out-space-rated-parachutes-are-very-hard","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/11\/spacex-acquires-parachute-company-for-2-2m-because-it-turns-out-space-rated-parachutes-are-very-hard","title":{"rendered":"SpaceX acquires parachute company for $2.2M, because it turns out space-rated parachutes are very hard"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/spacex-acquires-parachute-company-for-2-2m-because-it-turns-out-space-rated-parachutes-are-very-hard2.jpg\"><\/a><\/p>\n<p>SpaceX is known for its vertical integration, but one component it\u2019s been outsourcing is parachutes \u2014 until earlier this month, when the company quietly acquired parachute vendor Pioneer Aerospace after its parent company went bankrupt. The Information first reported the news.<\/p>\n<p>This is the second known acquisition for SpaceX, which acquired small satellite startup Swarm in 2021 for a $524 million mostly-stock deal. Pioneer is coming much more cheaply: SpaceX has snapped it up for just $2.2 million, according to a bankruptcy filing by Pioneer\u2019s parent company in Florida.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX is known for its vertical integration, but one component it\u2019s been outsourcing is parachutes \u2014 until earlier this month, when the company quietly acquired parachute vendor Pioneer Aerospace after its parent company went bankrupt. The Information first reported the news. This is the second known acquisition for SpaceX, which acquired small satellite startup Swarm [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2028],"tags":[],"class_list":["post-177099","post","type-post","status-publish","format-standard","hentry","category-satellites"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/177099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=177099"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/177099\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=177099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=177099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=177099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}