Elon Musk's SpaceX is buying a company that makes parachutes for spacecraft for $2.2 million

Elon Musk's spacecraft manufacturer is buying Pioneer Aerospace, which makes the parachutes that help the company's Dragon rockets return to Earth.

https://www.businessinsider.com/elon-musks-spacex-is-buying-a-spacecraft-parachute-company-2023-11