Elon Musk's rocket firm will pay $2.2 million to rescue Pioneer after its parent company went bankrupt.
SpaceX is preparing to help NASA send astronauts to the moon for the first time in over 50 years.
AdvertisementSpaceX is snapping up a parachute company as it prepares to help NASA return to the moon.
Elon Musk's spacecraft manufacturer is buying Pioneer Aerospace, which makes the parachutes that help the company's Dragon rockets return to Earth.
According to a Florida bankruptcy filing, SpaceX will pay $2.2 million for Pioneer — whose parent company recently filed for bankruptcy.
Persons:
Elon, —, Rex, NASA's, Musk
Organizations:
SpaceX, Pioneer Aerospace, Elon Musk's, NASA, Service, International Space Station, Business
Locations:
Florida, Mars