Project Loon, belongs to the owner of Google (Alphabetical), has come to an end. In a statement on the company’s blog this Thursday (21), Loon’s CEO announced the closure of the initiative, which is responsible for taking internet signals from balloons.
The closing notice comes through a statement posted on Alastair Westgarth’s Loon Blog, titled “goodbye Loon” (free translation). In the writing, the company’s CEO thanked, commented on the project’s mission and challenges, and announced that the initiative would be finalized.
“Although we have found some willing partners along the way, we have not found a way to reduce costs enough to build a long-term sustainable business,” he explains. “The development of a new radical technology is inherently risky, but that hasn’t made it easier to spread news.”
Project Loon ends
Loon will be closed after nearly seven years since debut. The project was born in June 2013 with the mission: to bring internet to remote areas with the help of balloons. The initiative then reached a number of countries, including Brazil, which made its debut next year in a pilot phase.
In 2018, Loon started operating as an independent company within the structure of Alphabet, the parent company of Google. Since then, the initiative has had some notable details, such as the transmission of internet signals for 1,000 km. In 2020, the company begins operations in Kenya and breaks records for flight times.
However, 2021 marks the end of that experience. “Over the coming months, most of the Loon team will continue to function,” said X’s Astro Teller.
Come The Verge, an X spokesman explained that operations in Kenya would continue until March. “Today We are committed to funding 10 million dollars to support nonprofits and businesses focused on connectivity, the Internet, entrepreneurship and education in Kenya, ”Teller said.