High altitude balloon company World View will not go public
The high altitude balloon company World View has ended its negotiations, begun early this year, with a venture capital investment firm to merge and make its stock public.
In a Nov. 17 statement, World View and Leo Holdings Corp II announced they were canceling plans announced in January to merge. The decision to end the merger was mutual, the companies said.
The companies did not give a specific reason for calling off the deal. “Over the course of 2023, World View received strong interest from potential investors,” the companies stated. “However, given challenging market conditions, World View and Leo jointly determined that it was the best course of action at this time to not proceed with their previously announced transaction.”
There could be a lot of good and bad reasons this deal fell through. Mostly likely World View officials saw the generally negative consequences experienced by other space startups that went public in this manner in the past few years, and decided it better to hold off.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The high altitude balloon company World View has ended its negotiations, begun early this year, with a venture capital investment firm to merge and make its stock public.
In a Nov. 17 statement, World View and Leo Holdings Corp II announced they were canceling plans announced in January to merge. The decision to end the merger was mutual, the companies said.
The companies did not give a specific reason for calling off the deal. “Over the course of 2023, World View received strong interest from potential investors,” the companies stated. “However, given challenging market conditions, World View and Leo jointly determined that it was the best course of action at this time to not proceed with their previously announced transaction.”
There could be a lot of good and bad reasons this deal fell through. Mostly likely World View officials saw the generally negative consequences experienced by other space startups that went public in this manner in the past few years, and decided it better to hold off.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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