Will Boom Supersonic Stock Break the IPO Barrier?
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Table of Contents
Recent Boom Supersonic News
12/13/2024: Boom Raises $100 Million in Down Round
06/17/2024: Boom Completes Construction of Superfactory
03/22/2024: Boom Announces Successful XB-1 Flight
11/13/2023: The supersonic Overture is getting closer to flight
Older news…
About Boom Supersonic
Boom Supersonic is a private venture-backed aircraft design and manufacturing company based in Denver, Colorado.
The company was founded by Blake Scholl, an entrepreneur who sold an eCommerce business to Groupon and used the proceeds to start Boom Supersonic.
Its first aircraft, the XB-1, known as the Baby Boom, was successfully tested in March 2024. The XB-1 is a demonstration aircraft built as a proof of concept.
The Overture, its signature passenger plane design, will ferry up to 88 business passengers from New York City to London in three hours and 30 minutes. The company believes there are about 600+ financially viable city-to-city routes worldwide.
The plane will travel at Mach 1.7 — about 1,300 miles per hour — nearly twice the speed of sound.
The company also claims it will use sustainable aviation fuels (SAF), being more environmentally friendly than the current generation of aircraft.
Boom Supersonic is building its first full-scale manufacturing plant at the Piedmont Triad International Airport in Greensboro, North Carolina, where the company will develop and test its Overture aircraft.
It began construction on January 26th, 2023. Manufacturing the Overture will begin in 2024. The first airplane is estimated to be completed in 2025, and commercial flights will begin in 2029.
Boom Supersonic has commitments from United Airlines and American Airlines to each buy more than a dozen Overture aircraft expected to be delivered by 2030. It has yet to work with discount airlines.
Here’s a video of the XB-1 aircraft’s first flight:
Ownership
Boom Supersonic is a venture-backed private company. Its investors include the founders, employees, and venture capital firms.
The company has raised more than $247 million. The company is using funds to build the XB-1 Baby Boom prototype and its aircraft manufacturing facility in North Carolina.
Prominent venture capital investors include American Express Ventures, Celesta Capital, Olive Tree Capital, Y Combinator, Prime Movers Lab, WRVI Capital, 8VC, Caffeinated Capital, Palm Drive Ventures, RRE Ventures, Emerson Capital, SV Angel, Bessemer, Reid Hoffman, Sam Altman, and Paul Graham.
Funding Rounds
| Round | Date | Est. Valuation | Raise Amount | Price |
|---|---|---|---|---|
| Series ? | 12/13/24 | NA | $100.00M | NA |
| Series C | 11/30/21 | $1.21B | $109.52M | $ 52.74 |
| Series B1 | 04/29/20 | $888.13M | $3.13M | $ 45.52 |
| Series B | 03/31/19 | $850.00M | $100.00M | $ 43.12 |
| Series A | 03/16/17 | $136.87M | $50.00M | $ 9.14 |
| Series 1 | 12/05/16 | NA | $6.36M | NA |
| Accelerator/Incubator | 03/22/16 | $1.71M | 120.00K | NA |
| Source: Caplight |
Valuation
The Boom Supersonic valuation is about $1 billion based on its latest private funding round in December 2024. Details have not been released, but the CEO indicated the late 2024 raise was a down round from its $1.2 billion raise in November 2021.
Pre-IPO market data from Hiive and other sources indicate there has been very limited private stock transactions in recent months.
IPO Potential
The Boom Supersonic IPO date will not likely happen in the next 1-2 years, possibly much longer.
Ideally, the company should aim for its IPO to take flight in coordination with its first passenger flight, currently slated for 2029 or 2030.
This timeline would allow the company to prove its business model and use the flight publicity to increase interest in the offering.
The company has a long road ahead to become a viable entity due to the risky nature of its ambitions.
Supersonic air travel has already proved challenging and unprofitable, as seen through the lens of the Concord program, the only commercial supersonic aircraft flown so far.
However, Boom Supersonic has developed a business model worthy of significant venture capital investment and has attracted at least 35 airplane pre-orders.
The broader IPO market has also slowed dramatically since 2021, making it more difficult for startups to enter the public markets. Boom Supersonic missed the favorable IPO window in 2020-2021.
The company will likely seek multiple private investment rounds and attempt to reach profitability before going public. A favorable IPO environment could tempt the company out of private status before profitability.
We won’t get a better sense of when the Boom Supersonic IPO will be until we learn about new funding rounds, the hiring of an underwriter, an S-1 filing (public or confidential), or an IPO date range that reaches the press.
How to Invest in Boom Supersonic Stock
Since Boom Supersonic is not a public company, it is challenging to become an equity owner today.
However, you can take action to improve your chances of early equity ownership or acquire shares in the IPO.
You’ll need to be patient for shares to begin trading after the IPO.
1. Access shares on pre-IPO investing platforms
The author has seen limited evidence of Boom Supersonic stock being available on pre-IPO platforms. However, current availability must be monitored as pre-IPO shares come and go.
Prominent pre-IPO platforms for direct investing include Hiive, EquityZen, Forge Global, and Linqto.
As companies mature, gain more shareholders, and delay their IPO due to macro conditions, more equity holders may seek liquidation before the IPO.
Non-accredited investors can look to venture capital funds for exposure to pre-IPO investments. Potential funds include the Fundrise Innovation Fund ($10 minimum).
However, the fund does not invest in Boom Supersonic.
Please note: This is a testimonial in partnership with Hiive and Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.
2. Participate in the Boom Supersonic IPO through a broker
Retail IPO investors may find opportunities to invest during the IPO. That means acquiring shares at the IPO price the night before the company begins trading.
Once reserved for Wall Street’s wealthiest customers, IPO access has become more attainable to retail investors in the past five years.
Online brokers such as the following give customers free access to IPOs, even with low account balances.
Brokers often negotiate exclusive IPO share allocations to retail investors. Your access to specific high-demand IPOs may be limited by how many brokerage accounts you have and what broker gets exclusive access.
TradeStation has a longer track record of accessing more than 360 IPOs and secondary offerings via its partnership with ClickIPO.
Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs (e.g., Sweetgreen, Rivian).
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
3. Buy Boom Supersonic stock after the IPO
Though waiting for the IPO requires patience, there are advantages to waiting for the stock to become publicly traded before owning.
First of all, the IPO allows investors to review financials. Pre-IPO investing has limited financials available.
Second, IPO stock prices typically rise with high-demand companies. You can benefit if you’re in early and sell when the price overheats.
Many IPOs start with an immediate price increase (“the pop”). Then the stock falls once quarterly earnings reports become available.
In 2021, both Rivian and Robinhood became high-flying IPO stocks. But six months after the IPO, both stocks were more than 80% below their price peak.
The stock price declines after the IPOs could become excellent entry points if you were not allocated IPO shares.
Avoid buying overvalued shares immediately after the IPO. Shares often fall after the IPO due to lockup expirations and quarterly earnings disappointments.
However, the most disruptive companies will be higher in a decade. Patience pays.
Frequently Asked Questions (FAQs)
Is Boom Supersonic Publicly Traded?
No. Boom Supersonic is not publicly traded. It is a private company.
What is the Boom Supersonic Ticker?
Boom Supersonic is still a private company, so there is no Boom Supersonic stock symbol yet.
Here are a few Boom Supersonic ticker suggestions that appear to be available in the U.S.:
- BS
- BSS
- BMSS
“BOOM” is currently the stock ticker symbol for DMC Global, an energy and infrastructure company based in Denver, Colorado. The companies are not related.
What is the Boom Supersonic Stock Price?
There is no public Boom Supersonic stock price yet. The company is private.
The confirmed last private funding round completed in November 2021 at a share price of about $53.
Where is the Boom Supersonic IPO S-1 Filing?
Boom Supersonic has not yet submitted an S-1 filing to the SEC. When the company does, we’ll share it here.
In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed.
Boom Supersonic News Archive
11/09/2023: Boom Announces New Aircraft, Engine, and Investment
08/24/2023: Boom Supersonic Advances Flight Preparations for XB-1
08/03/2023: Boom wants supersonic plane travel for everyone
06/20/2023: Boom Announces Significant Overture Program Advances
03/12/2023: Will Supersonic Flying Actually Take Off?
01/26/2023: Boom Supersonic Begins Construction on Superfactory
08/16/2022: American Airlines to Purchase Boom Supersonic Overture
01/26/2022: N.C. chosen for supersonic passenger jet plant
06/03/2021: United to Buy Aircraft from Boom Supersonic
Conclusion
Investors get excited when they identify companies riding extraordinary macroeconomic trends. This can lead us to private companies positioning to profit from massive opportunities.
In Boom Supersonic’s case, the company is pursuing a marketplace of its own — faster air travel enabling more face-to-face communication.
Though this trend is counter to virtual interaction, such as in the metaverse, the future should have room for both.
Buying the stock early on can often prove difficult for retail investors.
Though pre-IPO investing platforms have opened more opportunities, private equity investing is still primarily reserved for the ultra-wealthy, requiring millions to invest in seed and early funding rounds for disruptive companies.
So if you pursue IPO shares and early equity, maintain reasonable expectations. However, if you identify several favorite IPO companies, you may eventually be able to invest in some of your target companies.
If Boom Supersonic stock is on your radar, good luck. Invest in pre-IPO and IPO companies with caution.
Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. A DIY investor since 1995, he started Access IPOs in 2016 to provide a resource for ordinary investors pursuing access to IPOs. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.
Risk Statement: Investing in IPOs and pre-IPO startups involves significant risk. Do not invest in companies based solely on what is included in this article. Only invest in IPOs and pre-IPO companies with money you can afford to lose. Access IPOs is for informational purposes only. Mentions of specific investments should not be construed as financial advice. Conduct personalized research and consider consulting with an investment advisor before investing.
