World View, the Arizona company developing high-altitude balloons to provide services typically performed by satellites, announced March 29 that it has raised $26.5 million in a round that marks the entry of another high-profile venture capital firm into the space industry.
World View, a company offering stratospheric balloon flights for research payloads, sees a bright future ahead for a platform that it argues combines the best attributes of satellites and aircraft, despite a recent testing incident at its Arizona headquarters.
World View, the company developing high-altitude long-lived balloons for communications, remote sensing and other applications frequently provided by satellites, has found a very different customer for its next test flight.
Executives with World View, the Arizona-based high-altitude ballooning company that just moved into a new headquarters building, said they are not worried about a lawsuit that could void its existing lease agreement with a local government.
The company will use the facility to build balloons that will fly in the stratosphere to carry imaging, communications or other payloads.
World View Enterprises, the Arizona company developing high-altitude balloons for research and eventually tourism, plans to conduct a test flight of a weather radar on one of its balloons later this year.
Tuesday's ruling begins with a setback for World View, the Arizona company planning to launch passenger-carrying high-altitude balloons from a taxpayer-funded launch site.
To avoid regulatory uncertainty, Congress should extend current restrictions on commercial human spaceflight regulations permanently and create a new class of license with stricter safety requirements.
Wednesday's briefing begins with news that World View Enterprises' new headquarters is undergoing construction in Arizona despite some opposition.
An Arizona company developing stratospheric balloons for tourism and research announced April 28 it has raised $15 million to develop a new type of high-altitude balloon that could serve missions usually handed by satellites.
Former NASA astronaut Ron Garan has joined high-altitude balloon company World View as its chief pilot, the company announced Feb. 23, making him the latest astronaut to seek a post-agency career in the commercial spaceflight field.
Arizona officials approved a plan Jan. 19 to build a new headquarters and launch site for World View, a company developing high-altitude balloons for space tourism and other applications.
A company developing a balloon system to carry people and experiments to the edge of space completed a key flight test Oct. 24.