With the rise in international air travelers over the past 20 years, demand for air travel has substantially expanded. Additionally, since the outbreak, corporate travel abroad has increased. In the same time frame, software, carbon fiber, and aviation fuel have all seen substantial advancements in aircraft technology and material design.
With advancing technology and increasing demand, the reintroduction of supersonic travel may potentially bring with it a number of benefits, including quicker travel, less post-flight weariness, easier access to distant areas, and more.
Boom Supersonic, an American business, is revolutionizing air travel by building the quickest supersonic aircraft. Let’s delve in to learn everything there is to know about Boom Supersonic, from its beginnings to its future goals.
Introducing Boom Supersonic
Boom Supersonic is a business based in Denver, Colorado that creates supersonic aircraft that are built for speed, sustainability, and safety. It is a commercial aircraft manufacturer that caters to clients all over the world by designing and constructing passenger airplanes. Additionally, the corporation is lowering the cost of supersonic travel.
Boom Supersonic: Aerospace Industry
The aerospace sector is Boom Supersonic’s main industry, and it had a 6.6% CAGR growth from 2022 to 2023, increasing its global market value from $261.12 billion to $278.43 billion. Additionally, a noteworthy CAGR of 6.5% is expected to propel the global market to $358.44 billion in 2027.
Although the aerospace sector had a slowdown in growth during COVID-19, market growth is anticipated to be driven by the overall economic expansion of developing or emerging economies. The Boeing Company, Raytheon Technologies Corporation, General Electric Company, and many other top businesses are just a few examples of the aerospace industry’s top players.
The Founders and Team
Co-founders: Joe Wilding, Joshua Krall, Blake Scholl
About Joe WIlding
Boom Supersonic was co-founded by Joe Wilding. He earned an M.S. in Aerospace Engineering from Wichita State University. He served as the co-founder and first CTO of Boom Supersonic as well as the founding partner of Answer Engineering, LLP. Joe is currently a Partner at OpenAtlas, the Chief Engineer at Cosmic Aerospace, and the Chief Engineer at Wilding Aerospace.
About Joshua Krall
Boom Supersonic was co-founded by Joshua Krall. From Carnegie Mellon University, he earned a B.S. in computer science. He founded HelloCar, served as CTO, and served as Groupon’s Director of Engineering. Up until January 2020, Joshua served as co-founder and vice president of technology at Boom Supersonic. He is currently a Partner at OpenAtlas as well as the Co-Founder and CTO of Puck.
About Blake Scholl
Boom Supersonic’s co-founder and CEO is Blake Scholl. Having attended Carnegie Mellon University, he received a B.S. in computer science. Blake spent over five years working at Amazon.com. The business was later acquired in February 2012 after he co-founded Kima Labs in January 2010. After that, he served as Senior Director at Groupon before co-founding Boom Supersonic in April 2014.
Chief Marketing Officer: Bob Stoher
Chief Financial Officer: Stephen Weiland
Chief Technology Officer: Brian Durrence
President and Chief Business Officer: Kathy Savitt
The beginning of Boom Supersonic
Blake Scholl, Joe Wilding, and Joshua Krall collaborated to create Boom Supersonic in 2014. Since his early years, when his parents took him to see turboprop Cessnas take off in the neighborhood of their Cincinnati, Ohio home, Blake Scholl has been fascinated with aeroplanes. Scholl was motivated to figure out how to permit a supersonic revival after seeing Concorde in a museum. His passion for aviation led him to obtain a private pilot’s certificate in 2008.
In 2014, along with Joe Wilding and Joshua Krall, he co-founded Boom Supersonic after serving as a Senior Director at Groupon for two years. After conducting extensive research over several weeks, he came to the conclusion that supersonic travel was feasible and employed aerospace experts to make his dream a reality.
Japan Airlines and Boom Supersonic worked together to purchase 20 aircraft in 2017. In October 2020, the XB-1 demonstrator aircraft was formally unveiled to the public. The corporation stated its goal to test the Overture in flight in 2026 in 2021. Boom Supersonic said in 2022 that it would establish its first supersonic airplane manufacturing facility in Greensboro, North Carolina, after securing a commercial agreement with United Airlines by the end of 2021.
Boom Supersonic and American Airlines announced a business deal in August 2022 to purchase 20 Overture aircraft, with the option to purchase a further 40. It revealed Symphony, a new Overture propulsion engine, in December 2022. The corporation began erecting an Overture Superfactory near Greensboro, North Carolina, the following year, in January 2023.
Purpose and Aspirations
Boom Supersonic hopes that supersonic flight will greatly increase global accessibility by bringing together families, businesses, and cultures. Furthermore, it aims to transport passengers by Overture anywhere in the world for $100 in four hours.
Business Model of Boom Supersonic
Boom Supersonic business model focuses on creating, manufacturing, and marketing supersonic aircraft to airlines, such as the XB-1 and Overture. Each Overture aircraft is believed to cost $200 million. Nevertheless, the company accepts modest down payments from airline clients for purchases of its initial number of Overture aircraft because it is still manufacturing additional aircraft. Additionally, Boom Supersonic gives customers the choice to purchase more if the business satisfies industry-standard operating, performance, and safety standards.
Boom Supersonic valuation reached $1 billion in 2020 when it secured $50 million in investment.
Investments and Financing
Boom Supersonic has raised $147.5 million and has completed 14 fundraising rounds. On March 30, 2023, the Venture Series Round, its most recent investment round, was completed. Investors supporting the business include Seraph Group, Y Combinator, Palm Drive Ventures, Eight Partners, RRE Ventures, and 8VC.
Boom Supersonic made an investment in Roots Homes on January 25, 2023.
Awards and Accomplishments
Here are a few accolades Boom Supersonic has received so far:
- 2020 nomination for the esteemed 24th Annual Webby Awards
- Boom XB-1 Supersonic Demonstrator was selected by TIME as one of the Best Inventions of 2021.
- Recognized by LinkedIn as one of the Top 50 US Startups in 2021
Way Ahead
The Overture is expected to launch in 2025, fly until 2026, and transport people until 2029. By 2025 and 2040, the corporation aims to be net carbon neutral and have no emissions of greenhouse gases. By 2032, Boom Supersonic expects to have hired over 2,400 people for the Super Factory.
FAQ’s
- Who are Boom Supersonic’s biggest rivals?
Ans. Hermeus, Aerion Supersonic, Exosonic, Spike Aerospace, and Destinus are among Boom Supersonic key rivals.
- Who are Boom Supersonic Partners?
Ans. Aernnova, Leonardo, GE Additive, AIR Company, Northrop Grumman, Japan Airlines, American Airlines, United Airlines, and others.
- Who are the founders of Boom Supersonic?
Ans. Joe Weiland, Blake Scholl, and Joshua Krall co-founded Boom Supersonic in 2014.
