Victoria invests $37m in stratosphere exploration company World View
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The news: Breakthrough Victoria has unveiled a $37 million investment World View, that will see the in US-based stratospheric exploration company establish its Indo-Pacific headquarters in Melbourne.
The numbers: The strategic investment from the Victorian government's investment company will also see World View setup an advanced manufacturing facility in Victoria, creating up to 200 jobs in engineering, mission control and flight operations, and data and material sciences.
The context: Breakthrough Victoria said the investment marked a "pivotal moment" in the expansion of World View’s technology in advancing stratospheric remote sensing.
World View manufactures, launches, and controls stratospheric balloons that provide on-demand, high-resolution sensing, weather monitoring, and communication services. The Arizona-based company also has ambitions to expand into space tourism via the stratosphere.
World View’s expansion aims to establish Victoria as a hub for stratospheric remote sensing research, with investments in research and development across Australian universities and research centres.
What they said: Breakthrough Victoria CEO Grant Dooley said: "World View’s innovative solutions have the potential to revolutionise various industries, from remote sensing to communications".
World View CEO Ryan Hartman said: “Australia, especially Victoria, offers access to incredibly skilled talent, cutting-edge technology, promising partnerships, smart capital and significant geographic leverage to support our Indo-Pacific remote sensing and future space tourism operations. We are eager to get to work in Victoria".
The source: Breakthrough Victoria media release
