Richard Branson Reveals Plans for Supersonic Passenger Planes

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

LONG BEACH, CA - If there's one thing we've learned about Richard Branson, it's that he can't go too long without making a headline. Last month, it was the groundbreaking of a new Virgin Hotel in Dallas. Now, Branson is focused on making sure that your flight to get to that hotel is as fast as possible.

On Tuesday, the entrepreneur revealed a prototype for a passenger aircraft that travels at supersonic speed. It would be the first since the Concorde retired in 2003. The project is in conjunction with Denver-based startup boom which specializes in supersonic planes.

So just how fast are these things? A trip from New York to London would only take three-and-a-half hours, but what you save in time you splurge in cash: the trip would cost you $5,000!

Let's hope the project starts off better than Virgin Galactic's personal spaceship venture two years ago which resulted in a deadly crash.

If you're looking to hop in one of these bad boys anytime soon, cool your jets, the first commercial departures aren`t scheduled to take off until 2023. Look at the bright side: at least you have plenty of time to start saving up that $5,000.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.