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Boom Supersonic's XB-1 aircraft has successfully completed its ninth flight, achieving a peak speed of Mach 0.9. The company is aiming for another flight before the end of the year, with plans to reach Mach 0.95 in January and eventually exceed Mach 1. Major investors have recently contributed over $100 million in new financing, fully funding the first prototype of the Symphony engine. Notable backers include Alex Gerko, Bessemer Venture Partners, Michael Moritz, Reid Hoffman, Sam Altman, and Y Combinator. The funding is seen as a positive indicator of confidence in the company's future, as it works towards developing the first supersonic airliner since the Concorde.
I invested more in Boom than I've ever invested in a startup before. But this company is important for America. They'll also make a huge amount of money if they succeed. No one else is anywhere near having a supersonic airliner. https://t.co/BHyMD64jMJ
Actually Mach 1.12 - bad joke š Sad to see recaps after $700M in funding but this stuff is hard! This takes work and confidence - investors can deploy money elsewhere so this is a positive sign. I hope it works bc I want to ride a Concorde like plane someday š©ļø https://t.co/rITq5Fp6k4
Immensely excited to have another opportunity to back @bscholl and the @boomaero team. š We are not going to magically reach our supersonic future. It takes inspiration, hard work, and dedication. š The 2030s are being built today. šāļø https://t.co/HoymlAm2re