American Express Ventures invests in Boom Supersonic

American Express Ventures has made a strategic investment in Boom Supersonic. The funds will support the continued development of Boom's flagship product, the supersonic airliner Overture.

Boom’s vision is to bring families, businesses, and cultures closer together through supersonic travel and make the world dramatically more accessible.

Overture is Boom's 65- to 88-seat supersonic airliner, capable of flying on 100% sustainable aviation fuel. The supersonic aircraft is slated to roll out in 2025 and begin commercial flights by 2029. Built on the core principles of speed, safety, and sustainability, Overture will fly twice as fast as conventional jets. Boom currently has $6 billion in pre-orders of Overture aircraft.

"We're proud that Amex Ventures shares our commitment to making the world more accessible by bringing sustainable supersonic travel to passengers everywhere," said Blake Scholl, Boom founder and CEO. "2021 is a pivotal year for Boom. As we prepare to fly our supersonic demonstrator, XB-1, we are also accelerating Overture development."

"Boom is building a supersonic passenger aircraft that will make travel faster and more sustainable," said Harshul Sanghi, Global Head of Amex Ventures. "Travel has been a key part of American Express' heritage and it remains an integral part of our Card Members' lifestyles. We are excited to support Boom's development and invest in the future of travel."

In October 2020, Boom unveiled XB-1, the world's first independently developed supersonic jet, and a precursor to Overture. XB-1's first flight will be 100% carbon-neutral and is slated to take place this year in Mojave, California.

Boom Supersonic is backed by world-class investors and has 30 aircraft on pre-order. Founded in 2014, Boom has assembled a team of more than 150 full-time employees who have made contributions to more than 220 air and spacecraft programs.