Google-owned Alphabet has closed its ambitious ‘Loon Project’. The company has taken this decision due to being very expensive and not getting business. Under this project, the balloon made of helium is used to provide cellular connectivity to a particular area by going into space. After running the project for a decade, Alphabet has said- ‘We could not reduce its cost nor make it a business model’. The LUN project was created by Alphabet’s research lab ‘X’. In a blog post, Lab Head Astro Taylor wrote that commercially it was not practical and was riskier than we expected, so we took a tough decision and it was right to close the loon. All the loom operations will be closed in the next few months. Taylor has said that new possibilities will be explored in Alphabet for Loon employees. The project got a breather last year when Kenya’s telecom contracted for a 4G network in 31 thousand square mile area of the country. But later the balloon was used only in emergency situations, that too, until Maria Hurricane hit Puerto Rico’s network. However, Alphabet continued to be financed and eventually became a burden for the company. The closure of Loon is a sign for Alphabet that they should think again about his expensive projects.