Boom Supersonic was founded in 2014 by Blake Scholl, Joe Wilding, and Joshua Krall. The company has not publicly endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Boom Supersonic is an aerospace company that is working to make supersonic air travel technologically and commercially viable. In June 2021, United Airlines agreed to purchase 15 of the company's Overture aircraft, which Boom plans to introduce for commercial use in 2029. Along with making supersonic travel available to consumers, Boom seeks to be the first net-zero carbon airline. The company has raised nearly $250 million in venture capital funding, including a $60 million investment from the US Air Force. Other investors include Y Combinator, Prime Movers Lab, Caruso Ventures, American Express Ventures, Ion Pacific, Caffeinated Capital, and 99 Tartans. Boom Supersonic reported a $1 billion valuation in 2020.