Boom Supersonic Raises $100M for Mach 2.2 Airliner Development
Denver-based Boom Supersonic secures $100 million in Series B funding to advance its economically viable supersonic commercial jet. The startup plans to test a scaled prototype this year while targeting business-class ticket prices.
Denver-based startup Boom Supersonic closes a $100 million Series B funding round led by Emerson Capital to build its Mach 2.2 commercial airliner. The company raises its total funding to around $140 million and plans to double its 100-person team this year using the new capital. Notable investors in this round include Y Combinator Continuity and several prominent tech figures.
Alongside the funding announcement, Boom details its plan to begin testing a 1:3 scale prototype called the XB-1 this year. This two-seater plane validates the technologies required for the full-sized Overture jet, which holds 55 passengers. The company aims to offer flight speeds more than double the speed of sound at prices comparable to today's business-class tickets.
The startup already holds pre-orders from Virgin Group and Japan Airlines for 30 airliners. However, $100 million represents only a small fraction of the billions of dollars typically required to develop a new commercial aircraft. If Boom successfully executes its long-term mission, it will need to secure significantly more funding in the future.