Last Friday, Google announced Project Loon, an experiment aimed at ultimately bringing affordable Internet access to the two-thirds of the global population that currently does not have it. The project relies on a collection of balloons that will float 12.5 miles in the air to create an Internet network capable of delivery speeds similar to 3G access. The balloons uses complex algorithms, wind, and solar power to stay aloft and navigate to the positions needed to achieve the goal.

In the video below, Fool.com contributor Doug Ehrman explores the project and discusses why it's important to Google -- and investors.

As one of the most dominant Internet companies ever, Google has made a habit of driving strong returns for its shareholders. However, like many other web companies, it's also struggling to adapt to an increasingly mobile world. Despite gaining an enviable lead with its Android operating system, the market isn't sold. That's why it's more important than ever to understand each piece of Google's sprawling empire. In The Motley Fool's new premium research report on Google, we break down the risks and potential rewards for Google investors. Simply click here now to unlock your copy of this invaluable resource.

The article Does Google Have Its Head in the Clouds? originally appeared on Fool.com.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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