I saw a white and red orb slowly rotating high in the sky above me in broad daylight. I was convinced I was looking at a UFO, right up until I faintly made out

I saw a white and red orb slowly rotating high in the sky above me in broad daylight. I was convinced I was looking at a UFO, right up until I faintly made out the "Virgin" logo on what was likely a hot air balloon seen at a 180 degree angle