Project Loon, Alphabet’s balloon-based internet service, might be taking flight in a new way. As per a recent FCC filing, it would appear that Project Loon is being spun out into its very own company.

Astro Teller, the head of Alphabet’s X unit, is today holding a press conference to discuss the ongoing progress of the Mountain View company’s Project Loon initiative. Among other things, Teller said ...

With its large and growing number of moon-shot programs, should investors worry that search giant Google has an inflated ego (balloon pun very much intended)? One of Google's best-known moon shots is ...