On top of that nobody needs it. The issue is that supersonic jets are really anachronistic, it's the most wasteful way of flying and it doesn't even buy you much time for most distances because you have to fly subsonic over land.
It feels like Boom is a product of the zero interest rate frothy market, where there was lots of money chasing “disruptive” technologies, which breeds not-so-good ideas. In particular, Boom seems to have attracted investment because it purports to solve a classic rich guy problem: how to fly overseas a bit faster, but at a price premium. They still have some momentum from the zero-interest rate environment, but how long can that last?