All I know is that an rc aircraft was used (probably a quadcopter) and two cameras were mounted on top of each other. http://panowings.com/folders/TourOfAustinDec2014/
You can pan around the image by dragging the mouse and also zoom by scrolling the mouse wheel.
Does anyone know of any software that can create a continuous 360 degree loop like this? In the past, Ive done panoramas on film - sticking the individual prints on a sheet of cardboard. I admit that Ive never used panoramic stitching software.