Google’s parent company, Alphabet, announced its intention to close the Loon project, which was aimed at providing the world with the Internet wirelessly through balloons, after about 8 years of work on the project that started in June 2013 specifically.
The Loon project started when it was launched in 2013 under the umbrella of Google at the time, but then it became a separate project under the umbrella of Alphabet after its establishment in 2015, and the permanent goal of the project was to provide low-cost internet to all parts of the world, but it seems that this did not succeed as required for the company to decide. Stopping work on the project after this period.
Alistair Westgareth, Executive Director of the Loon Project, indicated that the company’s decision came because of the inability to date to provide the Internet at affordable prices, the fact that the costs of the project are high and providing the Internet to users in this way requires a greater cost than what was supposed to be offered.
Alphabet had reached a great stage of progress with the aim of providing the Internet via balloons, but it seemed that the exorbitant cost of providing the service and the inability to provide the service at affordable prices caused the project to be suspended.