Colorado's Boom Supersonic is eyeing structural tests for its XB-1 prototype. - From TravelPulse
According to Tech Crunch, the funding is enough to develop the XB-1, a one-third-scale prototype version of the airliner that the Colorado-based company hopes will be operating commercial flights in the coming years.
"Now we have all the pieces we need—technology, suppliers and capital—to go out and make some history and set some speed records." The XB-1, which is nicknamed "Baby Boom," will be capable of reaching a high speed of Mach 2.2, or 1,451 mph.
A majority of the money will go toward funding the engineering team and growing the company.
It will still be tested rigorously." READ MORE: NASA says Supersonic Travel Could be Making a Come Back Sir Richard Branson's Virgin Galactic, which entered into a $2 billion partnership with the company last year, has already secured the first order.
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