One of the challenges in computational fluid–structure interaction (FSI) analysis of spacecraft parachutes is the “geometric porosity,” a design feature created by the hundreds of gaps and slits that the flow goes through. Because FSI analysis with resolved geometric porosity would be exceedingly time-consuming, accurate geometric-porosity modeling becomes essential. The geometric-porosity model introduced earlier in conjunction with the space–time FSI method enabled successful computational analysis and design studies of the Orion spacecraft parachutes in the incompressible-flow regime. Recently, porosity models and ST computational methods were introduced, in the context of finite element discretization, for compressible-flow aerodynamics of parachutes with geometric porosity. The key new component of the ST computational framework was the compressible-flow ST slip interface method, introduced in conjunction with the compressible-flow ST SUPG method. Here, we integrate these porosity models and ST computational methods with isogeometric discretization. We use quadratic NURBS basis functions in the computations reported. This gives us a parachute shape that is smoother than what we get from a typical finite element discretization. In the flow analysis, the combination of the ST framework, NURBS basis functions, and the SUPG stabilization assures superior computational accuracy. The computations we present for a drogue parachute show the effectiveness of the porosity models, ST computational methods, and the integration with isogeometric discretization.