Does boom have a strategic investment?

The company also confirmed closing of an investment round, including a strategic investment from the NEOM Investment Fund (NIF). Boom's total funding to date now exceeds $700 million. New strategic investment from NEOM Investment Fund comes as XB-1, Symphony and Overture achieve important program milestones.

Who is Boom Supersonic?

Boom Supersonic, the company building the world's fastest airliner, announced today multiple milestones across the Overture airliner, Symphony engine, and XB-1 supersonic demonstrator programs. The company also confirmed closing of an investment round, including a strategic investment from the NEOM Investment Fund (NIF).

How much money did boom invest in XB-1?

The NIF investment now takes Boom's total funding from investment and other capital sources to more than $700 million. Boom achieved key milestones toward XB-1's historic first flight, which remains on track for later this year at the Mojave Air & Space Port.