End of an Era: Soaring Helium Costs Force Closure of Iconic Parabounce
LOS ANGELES, CA – June 16, 2025 – After nearly three decades of unforgettable flights, Parabounce is closing its doors. The pioneering nonprofit behind the iconic helium-filled balloons that lifted over a million people — on the White House Lawn, at the 2002 Olympics, and even over Rockefeller Center — has been grounded by soaring helium costs and insurance challenges.
“When we started in 1998, it cost $300 to fill a Parabounce balloon. Today, the same amount of helium costs over $10,000,” says founder Steve Meadows. “We’ve had an amazing ride — literally — but the economics no longer allow flights for the public. Imagine gasoline going from $3.00 a gallon to over $100 and you’ll get the picture.”
Voted one of Popular Mechanics “12 Most Innovative Products in the World,” the patented Parabounce brought joy and awe to charity events, television, and festivals worldwide. Despite a flawless safety record, insurance costs have skyrocketed, and the demand for helium—especially from expanding space programs — has made the technology unsustainable for public use. “Helium is used to replace the rocket fuel so the tanks remain pressurized in space,” explains Meadows.
Now, as the program winds down, the team is offering a rare opportunity: fifteen original Parabounce units are available for purchase, most in mint or near-new condition, priced between $1,500–$8,000. Considering the cost of over $30k each to produce, a real bargain.
“This isn’t just equipment. It’s a piece of history,” says Meadows. “For those who want to own a piece of wonder, this is it.”
Parabounce will continue to support private buyers and select events for those with the vision — and resources — to keep the dream alive.
For press inquiries, technology and purchase information, or to learn more, visit www.Parabounce.com or email [email protected].
About Parabounce
One Giant Leap for Humanity is a 501(c)(3) nonprofit dedicated to wonder, innovation, and charitable joy. Parabounce has brought smiles to millions — and will continue to inspire, even from the ground.
Media Contact
Company Name: One Giant Leap for Humanity
Contact Person: Steve Meadows
Email: Send Email
Country: United States
Website: www.parabounce.com
