Alphabet to make Loon, Wing projects independent companies
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/12/2026
- Wall St set for steady open as oil jumps ahead of key earnings
- Oil prices rise as attacks on Saudi Arabia overshadow Trump's Russian supply announcements
- Will surging equity supply derail the U.S. bull market? Goldman Sachs weighs in
- Broadcom CEO says many AI investors are gamblers
- Iren shares jump 5% in premarket trade on report of Anthropic AI cloud deal
Tweet
Share
E-mail(Reuters) - Google parent Alphabet Inc's X research division said on Wednesday its Wing and Loon projects will become independent companies.
Project Loon makes internet-delivery balloons, while Project Wing is a drone delivery system.
Alastair Westgarth will become chief executive officer of Loon and James Ryan Burgess will be the CEO of Wing.
The companies will now be part of Alphabet's Other Bets division, which already comprises cyber-security company Chronicle, self-driving car project Waymo and life sciences division Verily.
(Reporting by Arjun Panchadar in Bengaluru; Editing by Bernard Orr)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Contracted Capacity Becomes Key Metric for AI Infrastructure Investors to Watch
- Robinhood: Evercore ISI sees product flywheel driving upside
- Wells Fargo lifts Tyler Tech to Overweight, citing transitory headwinds; stock up
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
