**Summary:**Alphabet's X division, known as the moonshot factory, is revolutionizing its approach to launching cutting-edge tech projects. Instead of turning successful experiments into Alphabet-owned companies, X is now spinning them out into standalone startups, giving them more freedom to grow. This shift is supported by a new fund called Series X Capital, which only backs companies born within X, with Alphabet as a small investor. This change allows X to offer financial support and stay close to its spinouts without unnecessary corporate control. Notable projects like Waymo's self-driving cars and Wing's delivery drones have been spun out as full Alphabet subsidiaries in the past, but this new approach aims to provide space and speed for projects that need distance from Alphabet's typical way of doing things. X's team is known for killing off projects that don't see a future, and only about two percent of X's efforts make it out into the world. This year, X has spun out two new companies: Taara and Heritable Agriculture. By building an easier launchpad, X hopes more world-changing ideas will see the light of day outside Alphabet's walls.

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