Alphabet allocated to the project Loon into a separate Corporation called Loon Inc
Holding Alphabet recently completed a major restructuring of the company Holdings XXVI. However, given the huge number of different assets included in the holding, it is not surprising that the changes will continue.
For example, today it became known that the Alphabet quietly turned the project Loon in the Corporation that may indicate its imminent exit from under the wing of Google. Now the project Loon refers to the Corporation Loon Inc.
Often such actions are necessary for a particular project could exist within an independent commercial facility. For example, road direction, Google, which eventually evolved into a company Waymo.
All this might indicate that soon, Project Loon will finally move into a stage of a commercial project, although initially it was planned to do last year.