The full-sized 55-seater Boom aircraft is expected to reach speeds of more than 1,687mph, 100mph faster than Concorde, according to the company founder, Blake Scholl.
He revealed plans to use the aircraft for commercial flights in the next seven years at the Dubai Airshow this week.
The firm has previously said it expects to begin test flights for its 1,451mph (2,330kph) aircraft, nicknamed Baby Boom, by the end of 2018.
Five unnamed airlines have already placed 76 orders for the passenger plane (Boom)
Speaking this week, Scholl said: “Think about for a moment the families that are separated because of the long flights.
“Think about the trips not taken because when you add up the lost hours, the trip just doesn’t feel worth it.
“You won’t have to be on the Forbes’ list to be able to fly, it will cost about the same as flying business class today.
“The ultimate goal is to make supersonic affordable for anyone who flies.”
“This aircraft will be as quiet as the ones flying around the airports today,” he said, and added that it will also be “significantly quieter than Concorde.”
He said that five unnamed airlines have already placed 76 orders for the passenger plane.
The jet was designed and created by a team of aviation experts who have worked at Nasa, SpaceX and Boeing, while it is hoped it will be able to fly on 500 possible routes around the world.