Technology • Internet & Web
2021-01-23T15:00:01+00:00

Alphabet shuts down Loon, its internet balloon company

Alphabet has announced it will shut down its internet balloon company Loon as "the road to commercial viability has proven much longer and riskier than hoped," according to a post on the blog of Alphabet’s X moonshot division.

"Sadly, despite the team’s groundbreaking technical achievements over the last 9 years — doing many things previously thought impossible, like precisely navigating balloons in the stratosphere, creating a mesh network in the sky, or developing balloons that can withstand the harsh conditions of the stratosphere for more than a year — the road to commercial viability has proven much longer and riskier than hoped. So we’ve made the difficult decision to close down Loon. In the coming months, we’ll begin winding down operations and it will no longer be an Other Bet within Alphabet."

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Card reviewed by: @ericof