Alphabet is winding down Loon due to cost concerns
Loon's final flight on January 22, 2021, 12:16 Bottom line: Loon, the Alphabet subsidiary tasked with bringing Internet access to some of the most remote parts of the world, is shutting down. The project was risky from the get go and ultimately, the team wasn't able to figure out how to make it a commercially viable venture. Project Loon, as it was originally called, started as a research and development project under Google X back in 2011. With it, Google and parent company Alphabet used high-altitude balloons to create makeshift wireless networks to blanket remote regi...