There's at least one notable exception, however. From 1976 to 2003, we had the Concorde—a supersonic passenger jet that could fly at more than twice the speed of sound, taking passengers from New York to Paris in three-and-a-half hours. Was it expensive? Insanely so. But for those who could afford to drop almost five figures on a round-trip flight, there's little doubt it was the pinnacle of air travel.
And now it's gone. Since the Concorde was retired 16 years ago, citing fewer passengers and rising costs, the only option for the impatient transoceanic traveler has been to while away half a day in a 767. Which, to the fine folks at a company called Boom, sounded like an opportunity.
Boom is building the next generation of supersonic aircraft, with the goal of flying passengers around the world at Mach 2.2 speeds for about the same price as a typical business-class flight. Doesn't sound too bad, right? Well, the company's not there yet. But a new $100 million funding round it raised in recent days will help—and that's one of six big things to know from the past week in VC: