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

• SpaceX is buying parachute maker Pioneer Aerospace, The Information first reported.
• 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.  

SpaceX is snapping up a parachute company as it prepares to help NASA return to the moon.