Stock market picks for the $340 billion supersonic jet industry, UBS

  • UBS is predicting that the supersonic jet industry will be worth $340 billion by 2040, according to a new research report.
  • “We  see  supersonic  bizjets  viable  in  the  late-’20s  and  supersonic  commercial  jets  in  the  mid-to-late-’30s with  hypersonic  travel  a  decade  later,” said UBS equity analyst, Myles Walton.
  • Business Insider lists the 17 stocks best-positioned to benefit from the booming supersonic industry.

By 2040, UBS envisions business travellers will once again be jetting around the globe faster than the speed of sound.

A recent UBS evidence lab survey found around 25% of over 6,000 respondents would be willing to pay for speed.

The last time passengers could travel at supersonic speeds was in 2003 when Concorde made its final flight. However, UBS is predicting a return to supersonic travel. In a new evidence lab report released on December 1, UBS equity analysts take a deep dive into the current, and

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Boom Supersonic all-in on Amazon AWS for aircraft design, development

A rendering of Boom Supersonic’s Overture jet.

Boom Supersonic

Amazon Web Services announced on Tuesday that Boom Supersonic is going ‘all-in’ as a cloud-computing customer, which the aviation start-up says will power the design, development and manufacturing of its next-generation jet.

Boom founder and CEO Blake Scholl told CNBC that the deal with AWS represents his company deepening its relationship with Amazon, with Boom expanding its use of cloud-computing to “new high performance instances” that will “further upgrade our ability to run simulations rapidly and inexpensively.”

“We’ve been working with [AWS] behind the scenes for several years, with 53 million compute hours running virtual wind tunnel tests,” Scholl said.

Boom declined to the specify the length or value of the contract it signed with AWS. But the deal represents one of the first public moves by the Aerospace and Satellite Solutions unit that AWS established in June. The unit is

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