Editing Armadillo Aerospace (section)

===2013 "Hibernation mode" and sale of assets===
In August 2013, Carmack indicated that following the crash of the STIG-B rocket earlier that year, he had wound down the company operations and had put the company in "hibernation mode." Armadillo had stopped accepting (profitable) contract [[research and development|R&D]] work two years prior in order to focus on development of a suborbital reusable rocket. During those two years, Armadillo operated at an approximately US$1 million per year [[burn rate]] funded personally by Carmack. Several reasons were offered for this outcome, including a failure to adopt a multi-test-vehicle build strategy, making the loss of a single rocket more significant than it would have otherwise been.<ref name="nsj20130801">{{cite news |last=Foust|first=Jeff |title=Carmack: Armadillo Aerospace in "hibernation mode" |url=http://www.newspacejournal.com/2013/08/01/carmack-armadillo-aerospace-in-hibernation-mode/ |access-date=August 6, 2013 |newspaper=NewSpace Journal |date=August 1, 2013 }}</ref>

{{asof|2013|08}}, Carmack was "actively looking for outside investors to restart work on the company’s rockets."<ref name=nsj20130801/>

In 2015, the assets of Armadillo Aerospace were sold to [[Exos Aerospace|EXOS Aerospace Systems & Technologies, Inc.]]<ref name='exos' />