Alphabet Inc (GOOG) News: X Wants to Create ‘Wing Marketplace’ to Offer $6 Drone Deliveries

Alphabet Inc’s (NASDAQ:GOOG,GOOGL) X wants to create a “Wing Marketplace” for drone deliveries.

Alphabet Inc, GOOG, GOOGL, X, Wing Marketplace, Drone Deliveries

The idea behind the Wing Marketplace is that it will allow customers to place orders and have them delivered in a short period of time. It would cost customers $6 for the drone deliveries. However, Alphabet Inc has been having trouble getting drones ready for deliveries.

Alphabet Inc has had two successful tests delivering goods to non-employee customers. One took place in 2014 with a delivery to an Australian rancher. The other had it delivering burritos to Virginia Tech students and teachers. This test took place in September and deliveries were made from a Chipotle Mexican Grill, Inc. (NYSE:CMG) truck only a few hundred feet away.

Alphabet Inc is reportedly in talks with restaurants and retailers about its Wing Marketplace. Whole Foods Market, Inc. (NASDAQ:WFM) and Domino’s Pizza, Inc. (NYSE:DPZ) are among these restaurants. X was also in talks with Starbucks Corporation (NASDAQ:SBUX) about the idea, but it wasn’t interested due to certain restrictions, reports The Wall Street Journal.

Alphabet Inc isn’t the only company that wants to use drones for deliveries. Amazon.com, Inc. (NASDAQ:AMZN) has been making its own progress with drone deliveries. It revealed earlier this this that it wants to deliver packages to customers within half an hour. However, a launch date and delivery prices have not been announced.

United Parcel Service, Inc. (NYSE:UPS) is also looking into drone deliveries. It started conducting its own tests with drone maker CyPhy Works in September. The delivery service has also been using drones inside of its own warehouses for different tasks.

More From InvestorPlace


Article printed from InvestorPlace Media, https://investorplace.com/2016/12/alphabet-inc-x-wing-marketplace-drone-deliveries-goog-googl/.

©2022 InvestorPlace Media, LLC