> Now X designs projects with two primary goals: to become a standalone Alphabet division or spin out into an independent company. The difference being that Al

> Now X designs projects with two primary goals: to become a standalone Alphabet division or spin out into an independent company. The difference being that Alphabet retains 100% vs retaining X%? Presumably they're spinning out whenever the capital required would be much more than they want to put in, or the tech seems promising but perhaps not as profitable as they would like?