Sergey Brin's secret blimp company is likely called "LTA Research & Exploration, LLC", and it paid more than $100,000 to lease space from Alphabet, based on clues disclosed in Alphabet's annual proxy statement on Friday.
Per the filing (emphasis ours), Google's parent company has been leasing space to a new entity that's tied to Sergey Brin, the Google cofounder who is now the President of Alphabet:
"In December 2015, we entered into an agreement to license a portion of our hangar space at the Airfield to LTA Research & Exploration LLC (LTA), which is owned by an entity affiliated with Sergey Brin. From the beginning of 2016 through April 19, 2017, we charged LTA approximately $131,000. "
Bloomberg broke the news earlier this week that Brin had been working on a blimp project at Moffett Field. "LTA" is a common acronym for "Lighter Than Air", a type of aircraft filled with gas that floats rather than flies.
The company's CEO, identified by Bloomberg as Alan Weston, had originally posted his title as "CEO at ltare" on LinkedIn before deleting his post. "Ltare" is likely an acronym for LTA Research and Exploration. A quick LinkedIn search also reveals a smattering of aerospace engineers and interns that say they work for LTA Research & Exploration. California business registration records show the company was first incorporated in December 2014.
Google declined to comment.
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