Press Room

World View, a global leader in stratospheric exploration and flight, and Leo Holdings Corp. II (“Leo”) (NYSE: LHC), a publicly-traded special purpose acquisition company, today announced that they have entered into a definitive business combination agreement that will result in World View becoming a publicly listed company. The transaction values the combined company at an estimated enterprise value of $350 million. Upon closing of the transaction, the combined company will continue operating as World View.

On the heels of the COP27 climate summit, Scepter, Inc., an emerging company that uses global Earth- and air-based data to measure climate gases and air pollution in real time, has today announced it is set to launch in January a stratospheric balloon enabled with methane-detection sensors in Texas’ Permian Basin, which will gather first-of-its-kind data on methane emissions. Tucson-based stratospheric balloon company World View is working closely with Scepter to bring the balloon capabilities to the mission.

World View, a supplier of balloons that operate at near-space altitudes, and U.S. defense contractor Sierra Nevada Corp. agreed to jointly field uncrewed platforms for stratospheric communications and intelligence, surveillance and reconnaissance. The partnership will allow the companies to pursue new missions by combining SNC’s defense and aerospace integration, payload and mission systems expertise with World View’s high-altitude Earth observation capability.

World View, which focuses on remote sensing and stratospheric surveillance, has agreed to go public through a merger with a blank-check firm. The deal with Leo Holdings Corp. II will see World View’s owners receive a total consideration of about $350 million, subject to adjustments, according to a regulatory filing Friday that confirmed an earlier Bloomberg News report. 

World View and Sierra Nevada Corporation announce a Strategic Agreement to field and operate uncrewed platforms for stratospheric communications and intelligence, surveillance and reconnaissance (ISR). The partnership allows both companies to pursue new missions by combining SNC’s defense and aerospace integration, payload and mission systems expertise with World View’s high-altitude Earth observation capability.

In partnership with World View, Sierra Nevada Corporation (SNC) successfully demonstrated performance of its rapidly deployable High-Altitude Balloon (HAB), completing launch, mission performance and recovery of the uncrewed platform for stratospheric communications and intelligence, surveillance and reconnaissance (ISR). The flight was a critical part of the company’s U.K. Ministry of Defence’s (MOD) Project Aether Flight 1 Assessment Phase contract.

If you have dreams of a trip to space, but don’t have close to $1 million to make this a reality, there is a new startup that might be perfect for you. Tickets will cost $50,000, which will get you a much more enjoyable and long-lasting experience than just an up-and-down trip on a rocket.