Armadillo Aerospace "Out of Money"

Carmack: Armadillo Aerospace in "hibernation mode", NewSpace Journal

"Armadillo Aerospace, the suborbital vehicle company founded and funded by video game designer John Carmack, has kept a low profile in recent months. The company did not participate in the recent Next-Generation Suborbital Researchers Conference in Colorado, an event where Blue Origin, Masten Space Systems, Virgin Galactic, and XCOR Aerospace all had special sessions. The last news from the company was in late February, when it reported on the launch of its STIG-B rocket at Spaceport America in early January. That launch failed when the main parachute snagged and didn't deploy properly, causing the rocket to hit the ground at high speed.

There is a good reason for that silence over the last five months: the company is, for the time being, effectively out of money. "The situation that we're at right now is that things are turned down to sort of a hibernation mode," Carmack said Thursday evening at the QuakeCon gaming conference in Dallas. "I did spin down most of the development work for this year" after the crash, he said."

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This page contains a single entry by Marc Boucher published on August 2, 2013 9:59 AM.

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