Supersonic Jet Startup Boom Technology Is Now a Unicorn
The company expects to test a prototype next year.
A model of a Boom Supersonic passenger jet.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Boom Technology Inc., a Colorado-based startup working on a new supersonic aircraft, is raising a $50 million funding round that will bring the company’s valuation to more than $1 billion, according to Chief Executive Officer Blake Scholl.
The investment, led by WRVI Capital’s Michael Marks, brings Boom’s total funding to $210 million, and takes the company one step closer to its objective of broadly accessible high-speed flight.