definitely interesting, although i think we can assume that the last minute or so is really just max zoom distortion. it's a pity he didn't tape for longer, as it's, in general, very good video. hard to say what it could be.

wow that last zoom in at the end is really weird
doesn't look like a hoax to me

It looks like a orange Amoeba, especially towards the end where the two black spots came into view. Uhm...interesting video for sure, before the camera zoomed in, it looks as though it was kinda pulsating a bit, the light show on the inside of the orange ball seemed to be dispersing in different direction, randomly moving. So, that along is very intriguing. Not sure what to make of it, the light that shows up at the beginning I believe is the reflection of the orange light on the camera lens, hence the reason the person zoomed in to avoid that, IMO.

I'm going to say flares and here is why.

It looks to me like they are dropping the whole time, than the guy zooms in and we cant see the decent anymore. Maybe they go out as they near the lower altitudes, but we cant tell, because the camera man is zoomed in.