The Colorado-based company is aiming to build a Concorde-like supersonic aircraft—but has hurdles to clear before realizing that goal.

An aircraft developed by Boom Supersonic has become the first independently funded jet to break the sound barrier.

Boom Supersonic's XB-1 made history on Tuesday by becoming the first civil aircraft to break the sound barrier. Before Tuesday, no civil private manufacturer had passed the sound barrier with an aircraft it had developed.