World View media release
Summary
Breakthrough Victoria today announced a significant investment of $37 million in World View, a leading global stratospheric exploration company. This investment marks a pivotal moment in the expansion of World Views groundbreaking technology aimed at revolutionising stratospheric remote sensing.The strategic investment from Breakthrough Victoria will see World View establish its Indo-Pacific headquarters in Melbourne. World View will also establish an advanced manufacturing facility in Victoria, creating up to 200 jobs in engineering, mission control and flight operations, and data and material sciences.World View is at the forefront of manufacturing, launching, and controlling stratospheric balloons that provide on-demand, high-resolution sensing, weather monitoring, and communication services. Future plans for World View include expanding into space tourism via the stratosphere.With World Views patented dual-balloon system, the company offers unparalleled capabilities, boasting a market leading size, weight and power (SWaP) capacity of 50kg / 250W, station-keeping capabilities of 10-15 days and flight durations of up to 45 days. This initiative will foster collaboration and innovation, further positioning Victoria as a leader in aerospace technology.Quote attributable to Minister for Economic Growth, Tim Pallas