Boom Supersonic Raises $ 100 Million Investment to Build a Supersonic Liner

Dal Kikin
January 17, 2019

Startup Boom Supersonic closed the investment round of the B series for 100 million US dollars. Funds are collected to finance work on the creation of a commercial supersonic aircraft, capable of flying at a cruising speed of 2.2 Mach. A three-engine 55-seater aircraft with an arrangement of seats according to the 1 + 1 scheme is scheduled for commissioning in the mid 2020s. He already has a website, several renders, one scale model and a new name - Overture. It took 56 million for new stages, the rest - in support of previously launched initiatives. Total investment reached 141 million US dollars.

The round was conducted by the Emerson Collective Fund, the participants were Y Combinator Continuity, Caffeinated Capital and SV Angel, as well as private individuals - Sam Altman; President of Y Combinator, who invested and own funds, Paul Graham, Ron Conway, Michael Marks and Greg McAdoo.

However, the entire program of the creators - the company Boom with 85 employees, the CEO of Blake Scholl and headquarters in Denver, Colorado - is estimated at 6 billion.

Caffeinated Capital and Y Combinator already participated in the A series round in March 2017. Then they collected 33 million dollars to create a scale model - one to three, called the XB-1 Baby Boom. It was built on the company's production site at Century Airport (Centennial Airport; APA) near Denver and is set to be tested in the Mojave Desert in southern California. He should have already taken off in 2018, now they promise to show him in the air during 2019.

Demonstrator double, its three engines - General Electric J85. These are the engines of the 1950s, which were used for light American attack aircraft, and later, because of their cheapness and well-known design, in various training aircraft. As for the power plants for the full-size version, they have not yet been selected. Basically, because they simply do not exist, meeting the modern requirements of noise and ready for mass production in the near future.

Boom Supersonic pre-orders are going well:

• in March 2016, Virgin Galactic has signed up for 10 planes without obligation — as yet a virtual project by Richard Branson;

• In December 2017, Japan Airlines placed a pre-order for 20 planes - the contract was accompanied by an agreement on strategic partnership and $ 10 million in investments;

• The “European operator who wished to remain anonymous” was mentioned earlier with a letter of intent on 15 airliners.

Finally, in 2018, Boom brought a presentation to the air show in Farnborough, which enjoyed great success of the public, so in the near future we can expect orders from new wealthy enthusiasts.

Boom Supersonic should have a fuselage of 45.72 meters long and fly at a cruising speed of 2.2 Mach. In the passenger compartment, depending on the desired level of comfort, from 40 to 55 seats will be placed - in any case, similar to the business class of modern subsonic aircraft. Flight range with a typical load is up to 8,335 kilometers (4,500 nautical miles).

For comparison: the length of the Concorde is 61.66 meters, the cruising speed of 2.02 Mach. The plane was able to fly 7,220 kilometers (3,900 nautical miles) and carry up to 128 passengers, but used it with 100 seats (British Airways) or 92 (Air France) seats, and they rather corresponded to the modern economy class of high level.

Due to its smaller size and weight, Boom promises to spend less than a third on fuel. Its market is considered a niche similar to Concorde - premium traffic from New York, Boston and Chicago to Europe and from Los Angeles and San Francisco to Japan and Australia:

• Using airplane with a speed of 2.2 Mach, the passenger will be able to fly out of New York at 06:00, arrive in London at 14.30 local time and spend seven hours on the island, and then return to New York by 20:00;

• flights over the Pacific Ocean will require landing for refueling - most likely at Anchorage Airport (ANC). But even with her, the passenger leaves San Francisco in the morning, arrives in Tokyo at 08:30, spends all day in Japan, departs around midnight - and arrives back in San Francisco just after noon of the following day.

Such calculations allow us to plan a huge demand for Boom: about 20 million tickets were sold to business class on intercontinental routes in 2014, which the company will convert to the potential demand for 500 - 1 000 aircraft of its production by 2035.