Alphabet May Have Spun Out Project Loon into its Own Company

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Project Loon might sound like a strange project with a wacky name, but apparently, Alphabet, Google’s parent company, believes in it. It appears as though the project, which started as a part of Google and was upgraded to the innovation lab of Alphabet X, has been spun out into a company of its own. In a recent FCC filing, reporters noticed that the organization was listed as “Loon Inc.” which signals that Alphabet may be ready to allow Loon to run as its own corporation. We’ve reached out to the Project Loon media team for comment.

The media team of  Project Loon has been reached out tfor comment regarding this matter.

The project intends to provide high-speed internet to areas that currently do not have access to it by using self-navigating balloons. While the concept may appear to be a bit absurd, Alphabet has enjoyed success with Project Loon. The FCC filing that is in question was to help in relief efforts in Puerto Rico. Last week, the regulatory organization granted an “experimental license,” allowing Project Loon to provide emergency LTE service to the ravaged island. Currently, the company is working on integrating with the local networks of Puerto Rico.

Alphabet has a history of producing successful companies from under its umbrellas, such as Nest, Access, and Waymo. If they are indeed establishing Loon as its own company, it displays great faith in the product, despite the fact that it is only been used and tested in a limited number of places.