John Carmack’s $8M pipe dream meets reality: Armadillo Aerospace on life support
Ars Technica » Scientific Method 2013-08-02
One day after speaking at the QuakeCon in Dallas, John Carmack—the famed video game designer and space entrepreneur—confirmed to Ars that he’s “winding down” his company, Armadillo Aerospace. The private space company began in 2000, and eventually began doing contract work for NASA, but it turned to developing reusable rockets in recent years.
“I laid off most of the full-time employees,” Carmack told Ars on Friday. “[We have a few doing some] minor part-time hours, and there’s one guy still on there. We still have the building, and I own materials there, and I don’t have the funding to continue development.”
He said that he’d spent over $1 million a year of his own money to fund the company, which will now be cut significantly.
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