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Boom picks up $33M to build supersonic jet

Boom Technology’s full-scale supersonic jet would carry 40 passengers. (Boom Photo)

Colorado-based Boom Technology has raised $33 million in a Series A round to build and fly its first supersonic jet, a one-third-scale prototype known as the XB-1 or “Baby Boom.” Testing the XB-1 would blaze the trail for a full-scale jet capable of taking 40 passengers from New York to London in less than three and a half hours for a $2,500 one-way ticket.

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Spike is still up in the air on supersonic jet factory

An artist’s conception shows Spike Aerospace’s S-512 supersonic jet in flight. (Credit: Spike Aerospace)

LYNNWOOD, Wash. – Boston-based Spike Aerospace is moving a bit more slowly than planned on its process to pick the site for a supersonic jet factory, the company’s top executive said today.

Washington state is still in the mix, but so are seven other states, said Vik Kachoria, Spike’s president and CEO.

“We’re not moving to Washington state just yet,” Kachoria said here at the Governor’s Aerospace Summit, presented by the Aerospace Futures Alliance of Washington. “Each region offers something interesting that we want to explore.”

At one time, the company had hoped to start narrowing down the field from Washington, Oregon, California, Texas, Florida, Massachusetts and the Carolinas by the end of this year. But Kachoria told GeekWire that the “down-select” would have to wait until 2017.

He also the schedule for building a subscale supersonic demonstrator would slip from mid-2018 to early 2019.

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