Yes, the balloon at 40,000ft is a big issue, mostly because it can be seen by members of the public. But don’t forget that the USA, Russia, China, Japan, the EU and a host of private companies worldwide have satellites in Low Earth Orbit that can see a lot more. China urges calm over 'spy' balloon in US airspace https://www.bbc.co.uk/news/world-us-canada-64521570