UK investing £60 on plane that travels at Mach 5 reaching anywhere in 4 hrs

07/22/2013 - 00:00

The UK will invest £60 million ($91.2 million) into a project to build an aircraft that would fly in outer space and make it possible to take hundreds of passengers anywhere in the world in just four hours.

The investment, announced Wednesday, is being made through the UK Space Agency. It will help British aerospace firm Reaction Engines develop a rocket engine that can run at higher power than what is possible today.

More power means it can fly faster — as fast as Mach 5, chief engineer Alan Bond said in a recent video.