The company revealed the initial design of the commercial passenger airplane it's creating that's designed to fly at speeds in excess of Mach 3 — faster than the average cruising speed of around Mach 2 that the original Concorde achieved.

This concept design comes alongside a new partnership for Virgin Galactic, by way of a memorandum of understanding that the company signed with Rolls-Royce, one of the world's leading aircraft engine makers. Rolls-Royce is also responsible for the engine of the Concorde, one of the only supersonic commercial aircraft ever used for passenger travel.

Virgin Galactic announced in May that it would be partnering with NASA to work toward high-speed, high altitude point-to-point travel for commercial airline passengers. The plan is to eventually create an aircraft that can fly above 60,000 feet (the cruising altitude of the Concorde) and carry between 9 and 19 people per flight, with a cabin essentially set up to provide each of those passengers with either Business or First Class-style seating and service. One other key element of the design is that it can be powered by next-gen sustainable fuel for more ecological operation.