Alphabet is shutting down Loon, its internet balloon company

Image: Alphabet Alphabet is shutting down Loon, its division that provides internet from floating balloons, according to a post on the blog of Alphabet’s X moonshot division. “The road to commercial viability has proven much longer and riskier than hoped,” Astro Teller, who leads X, wrote in the blog. “In the coming months, we’ll begin winding down operations and it will no longer be an Other Bet within Alphabet.” Alphabet, the parent company of Google, launched Loon in June 2013, and Loon “graduated” from a moonshot to an independent company within Alphabet in 2018. Loon launched its first commercial internet service in Kenya in July, comprised of a fleet of about 35 balloons that covered an area of around 50,000 square kilometers. Loon has also... Continue reading…
http://dlvr.it/Rr6mgm