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Squawk on the Street

Manifest Space #30: Reaching New Heights with World View CEO Ryan Hartman 2/17/23

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 17 February 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

As unidentified objects flying over the United States continue to capture the nation’s attention, Morgan dives into the technology behind the stratospheric data-gathering devices with World View CEO Ryan Hartman. Known for their high-altitude balloons, Hartman and Morgan discuss the company’s capabilities, their potential use in the defense sector and the company’s plans to go public later this year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

We don't yet know exactly what these three objects were,

0:05.0

but nothing right now suggests they were related to China's spy balloon program

0:10.0

or that there were surveillance vehicles from any other country.

0:14.0

We don't have any evidence that there has been a sudden increase in the number of objects in the sky.

0:19.0

We're now just seeing more of them partially because the steps we've taken to increase our radars,

0:24.6

to narrow our radars.

0:26.6

When the U.S. military shot down that Chinese surveillance balloon earlier this month,

0:30.6

it thrust into the spotlight an old concept that's received new attention,

0:35.6

stratospheric ballooning.

0:38.3

We have DoD customers.

0:40.3

You know, it's a technology that is, you know, fantastic for doing all kinds of different

0:47.3

remote sensing.

0:48.3

You know, I talked about the ability to take different sized payloads into the stratosphere,

0:53.3

but I think there's some other really important elements of operating in the stratosphere.

0:58.0

You know, one of them is that you're five times closer to the Earth than the closest satellite.

1:03.0

And so you can produce very high quality imagery.

1:06.0

And with high quality imagery, you can create new use cases.

1:10.0

You know, some of the things that we do are things like methane gas detection or monitoring pipelines

1:16.9

or power lines and those kinds of things.

1:20.0

Ryan Hartman is the CEO of World View, an Arizona-based company making stratospheric balloons,

1:25.1

which it calls stradolites, to haul sensors and equipment high into the sky.

1:29.3

Worldview works with the U.S. government

...

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