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Google’s Parent Births New Businesses: Balloons and Drones

SAN FRANCISCO — Google’s efforts to build delivery drones and internet-beaming balloons are no longer just science projects.Both ventures are becoming their own independent businesses within Alphabet, the technology conglomerate that owns Google and now 13 other units, Alphabet said on Wednesday. Their so-called graduation from Alphabet’s research lab, X, means the delivery-drone and balloon-internet teams may now be on a path to soon offer commercial services and earn revenue.“The seemingly impossible can actually be possible,” Astro Teller, the head of X, said in a blog post. “Today, unlike when they started as X projects, Loon and Wing seem a long way from crazy.”The delivery-drone unit, named…

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