Suborbital rocket developer Armadillo Aerospace has suspended work on its reusable launch vehicles and is in a “hibernation mode” while it looks for new investors, the company’s founder said Aug. 1.

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Jeff Foust writes about space policy, commercial space, and related topics for SpaceNews. He earned a Ph.D. in planetary sciences from the Massachusetts Institute of Technology and a bachelor’s degree with honors in geophysics and planetary science...