This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Boom Supersonic, a Colorado-based aviation company, announced on Jan. 4 that it has raised $100 million in capital during a Series B investment round. The new funding will allow the company to continue its work on “Overture,” the company’s supersonic airliner.

Commercial aviation has been without a supersonic service since the final flight of the Concord in 2003. Boom is looking to return supersonic travel to the masses. Overture will have 55 seats and travel at mach 2.2, which is slightly faster than the Concord but more than twice the speed of today’s commercial planes.

According to Boom, airlines would be able to operate the aircraft charging roughly what business class seats cost today. Flight times between New York and London would take just over three hours, the company says, allowing for transatlantic day trips.

A rendering of the two-seat Boom XB-1 supersonic demonstrator and the Boom airliner
A rendering of the two-seat Boom XB-1 supersonic demonstrator and the Boom airliner

The announcement marks the latest investment in the company. Japan Airlines invested in Boom in 2017, and more recently the company saw an investment by Ctrip.

Boom is currently building a one-third scale working prototype that they say should fly later this year. The company is aiming for passenger service to begin in the mid 2020s. Boom already has 30 orders for Overture on its books. Both Virgin Group and Japan Airlines have preorders with Boom.

Know before you go.

News and deals straight to your inbox every day.

2018 TPG Award Winner: Mid-Tier Card of the Year
Chase Sapphire Preferred® Card

NEW INCREASED OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.