Blake Scholl, founder of Boom Supersonic, has revealed that commercial flights on the full-sized, 55-seater aircraft which is 'better than Concorde', could begin running by 2025.
The full-size boom aircraft is expected to reach speeds of more than 1,687mph – 100mph faster than the infamous Concorde.
The news comes just months after Mr Scholl revealed that a smaller version of the plane, called the XB-1 will be tested next year.
He also said that Boom had already received 76 orders for its passenger plane from five unnamed airlines.
The Boom jet was created by top aviation experts with collective experience working at Nasa, SpaceX and Boeing.
Learning from the Concorde, they combined advanced aerodynamics, efficient engine technology and new composite materials to produce a 'safe and affordable' supersonic aircraft 2.6 times faster than current jetliners.
The prototype has been subjected to more than 1,000 simulated wind tunnel tests and features a tapered carbon fibre fuselage, and efficient turbofan jet engines.
According to the simulations, Boom's design is quieter and 30 per cent more efficient than the Concorde.
It will be split into two single-seat rows, so everybody has a window and an aisle.
To reduce weight, the seats are of the standard domestic first-class variety, so no lay-down beds.
To cut flight time, Boom's plane will cruise at 60,000 feet, where passengers will be able to see the curvature of the earth, while going 2.6 times faster than other passenger planes.
Mr Scholl said about 500 routes fit the craft's market, including a five-hour trip from San Francisco to Tokyo and a six-hour flight from Los Angeles to Sydney.