What is 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, is expected to be test flown in 2022. The XB-1 is a demonstration aircraft being 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 will build 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.
Here’s a video of the Overture and updated design:
Is Boom Supersonic Publicly Traded?
No. Boom Supersonic is a private company. You cannot buy or sell Boom Supersonic stock on an exchange.
Who Owns Boom Supersonic?
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 billion, valuing the company at over $1 billion. 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, Sam Altman, and Paul Graham.
When is the Boom Supersonic IPO Date?
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.
What is the Boom Supersonic Stock Symbol? 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.:
“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 Boom Supersonic stock price yet. The company is private.
Can You Buy Boom Supersonic on Pre-IPO Marketplaces?
The author HAS seen evidence of Boom Supersonic stock availability on prominent pre-IPO investing platforms based in the U.S.
As of November 2022, shares were available at a premium to the $1 billion valuation level. Seeing shares this early in the startup cycle is encouraging for long-term growth opportunities.
The SEC requires pre-IPO investors to be accredited, meaning a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).
Check out our list of top pre-IPO investing platforms for current share availability.
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. Buy Boom Supersonic on Pre-IPO investing platforms
The author has not yet seen evidence of Boom Supersonic being available on pre-IPO platforms.
However, investors can monitor pre-IPO investing platforms for future availability.
If shares become available, expect to pay at least a $10,000 investment minimum. It’s free to sign up for access and alerts.
Many pre-IPO investing platforms empower users to indicate interest in companies they wish to invest in.
If enough investors indicate interest in a particular company, the pre-IPO platforms may actively reach out to equity holders to try to acquire shares for accredited investors.
As companies mature, gain more shareholders, and delay their IPO due to macro conditions, more equity holders may seek liquidation before the IPO.
2. Buy during the Boom Supersonic stock IPO through a participating 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.
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 and Webull have a longer track record of accessing more than 200 IPOs and secondary offerings via their partnership with ClickIPO.
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
3. Buy Boom Supersonic 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.
Where can I find 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.
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.
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long SG, RIVN, HOOD.