Inspirato LLC, a startup specializing in luxury travel, is in talks to go public through a merger with a special purpose acquisition company in a deal valued at more than $1 billion, according to people with knowledge of the matter. The Denver-based company is discussing a deal with Thayer Ventures Acquisition Corporation (NasdaqCM:TVAC) said the people, who asked not be identified because the matter is private. Terms could change and it's possible talks could fall apart.

A representative for Thayer Ventures declined to comment. Inspirato didn't immediately respond to a request for comment.