DigitalGlobe is an American commercial vendor of space imagery and geospatial content, and operator of civilian remote sensing spacecraft. The company went public on the New York Stock Exchange on 14 May 2009, selling 14.7 million shares at $19.00 each to raise $279 million in capital. The WorldView satellites should not be confused with WorldView company, a division of Paragon Space Development Corporation offering flights to near-space. WorldView Imaging Corporation was founded in January 1992 in Oakland, California in anticipation of the 1992 Land Remote Sensing Policy Act (enacted in October 1992) which permitted private companies to enter the satellite imaging business. Its founder was Dr Walter Scott, who was joined by co-founder and CEO Doug Gerull in late 1992. In 1993, the company received the first high resolution commercial remote sensing satellite license issued under the 1992 Act. The company was initially funded with private financing from Silicon Valley sources and interested corporations in N. America, Europe, and Japan. Dr. Scott was head of the Lawrence Livermore Laboratories "Brilliant Pebbles" and "Brilliant Eyes" projects which were part of the Strategic Defense Initiative. Doug Gerull was the executive in charge of the Mapping Sciences division at the Intergraph Corporation. The companys first remote sensing license from the United States Department of Commerce allowed it to build a commercial remote sensing satellite capable of collecting images with 3 m (9.8 ft) resolution.