A strange orange/reddish moving object emitted smaller object and then disappeared over Anchorage Alaska!My sister in law called us outside on a very clear Alaska night, to look at a strange bright orange/red light moving in the sky directly overhead. At first we thought it might of been a plane but, the object suddenly stopped motionless. Then it reversed directions I ran to get the binoculars and saw what appeared to be multiple lights rotating. After observing it for several more minutes we saw a small object separate and move away from the bigger object. The object then faded in and out then just disappeared.