He only seems to be wearing the Iron Spider outfit in the early parts of the movie, before he goes on vacation (where he is instead is wearing an updated version of the Civil War/Homecoming outfit, and also an all-black stealth costume), so perhaps it gets destroyed or something? I sure hope it does; I've never been a fan. And the less Iron Man tech he has, the better. The talking AI, the drone, all that stuff just doesn't feel right for Spider-Man
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Isn't the armor going to go to (provided they are going to be in MCU or Spider-verse) either Amadeus Cho or MVP's clones?
I actually liked Cho's rivalry with Peter in one of the Spidey cartoons. Gives him some personality besides being Hercules' sidekick in 616.