Boom Supersonic has raised $300 million, increasing its valuation to $1.5 billion, to advance its development of the supersonic airliner Overture aimed at transforming air travel.

Target Information

Boom Supersonic is a pioneering aerospace company committed to revolutionizing air travel through the development of the Overture, an innovative commercial airliner designed for supersonic flight. The company's mission is to significantly enhance global accessibility by introducing an airliner capable of transporting 60 to 80 passengers at speeds of Mach 1.7, which is approximately double the speed of conventional subsonic jets. Furthermore, Boom Supersonic's operations utilize sustainable aviation fuel to align with modern environmental standards.

Recently, Boom Supersonic secured $300 million in a new funding round, elevating its valuation to $1.5 billion. This funding round was led by Darsana Capital Partners and saw participation from notable investors like Altimeter Capital, ARK Invest, Bessemer Venture Partners, Robinhood Ventures, and Y Combinator. The company also revealed a backlog exceeding $1.25 billion for its Superpower turbine, with Crusoe announced as its launch customer. Founded in 2014 by Blake Scholl, Joe Wilding, and Joshua Krall, Boom Supersonic achieved unicorn status in 2020.

Industry Overview

The aerospace industry in the United States is at the forefront of innovation, characterized by not only traditional commercial aviation but also emerging technologies aimed at enhancing efficiency and sustainability