Centennial Airport based Boom Technology, would-be maker of the first supersonic airliner since the Concorde, has raised an additional $33 million to fund development of its 1/3 scale demonstration aircraft, the XB-1, according to a company press release. An SEC filing on Tuesday reported that the company had raised $41.9 million, though $7.9 million of that probably reflects a restructuring of amounts previously raised. Boom CEO and founder Blake Scholl says “our mission is to make supersonic flight a reality,” and expects to see the XB-1 close to ready to fly in the next year.
Source: avwebBoom Technology Raises Additional Capital to Support Supersonic Demonstrator