No. By itself, a new hypersonic engine can't make 2-hour flights between Japan and the US a reality. We are not even close to being able to build an aircraft that can do that - we don't even have the materials for that. What seems "easier" (as in "less impossible") is a hypersonic glider design that enters a suborbital trajectory and does shuttle-like aerobraking while it glides to its destination, before reengaging propulsion prior to landing on an airstrip (because passenger planes need to be able to abort landings and do multiple attempts). Not sure how reverse thrust would work there - variable geometry rocket bells?
It is not the conical nose or leading edges that are the show stopper problem(s). There the shockwave generally does not touch the craft. The internal shockwaves that touch the walls of the engine ducting are. The heat loading and heat soak ability on those shockwave impingement sites will limit the duration of hypersonic travel.
Hypersonic travel through the atmosphere is easy, a problem solved in the 1950s. Be conical and carry your oxygen internally. Hypersonic travel that is air-breathing is an entirely different class of problem and I don't think it is anywhere near to being solved.
The only silver lining is that at hypersonic speeds you don't need to be propulsive for very long to get anywhere.
Qantas wanted to offer London to Sydney, but they couldn't fly supersonic over land. Mainland China or Japan to Australia is a feasible route for high-margin, low-capacity supersonic flights.
If you could make the flight from Beijing to California take less than 5 hours that seems like a premium product many ultra wealthy people would spring for. Dubai to SFO is also a possible route.
Also, Concorde's maximum range was 4,488 mi, which was calibrated to allow trans-Atlantic but not much more. Trans-Pac was not an option and even Australia to North Asia would be a stretch.
There is money in NYC-LHR (it brings BA alone $1B in revenue annually) but the market for supersonic basically vanished. In the 70s when Concorde started flying, it was certainly a step up. However, the market niche basically disappeared when the lie flat seat was developed; for a lot cheaper, you could have a sleep for six hours in a really cushy lie flat, or you could spend a crapton more to be in a much louder, more cramped cabin for only about three hours less. If you were halving a 12-16 hour journey instead, there would still be a market left, but Concorde just didn't have the ability to do so.
Is there really that much premium traffic between Dubai and the Bay Area?
1) Rich people are WAY richer, and time is even more valuable 2) Businesses have some very important employees and "2 day trip" vs "3-4 day trip" is worth $50-100k 3) Larger population of people able to pay $20-30k for a flight than ever before.
The biggest practical impact is there's probably going to be a private jet version instead of just a commercial one, and there will likely be transpacific demand exceeding transatlantic. Also government/military use.
A. It's a bait and switch by a founder who wants to pivot to weapons/military aircraft but wants to be able to hire high grade talent without paying the "we're gonna kill people" premium, can pivot once a good chunk of the workforce is complacent with a paycheck. You laugh but this happens SO FUCKING MUCH.
B. It's for business jet scale operations for billionaires. There are >3000 billionaires and however many corporate aviation departments and if you can build a super/hypersonic private jet that's not horribly expensive to operate the "time savings"* for that class of person will demand they buy one.
* when I say time savings I mean dick measuring contest
That said, go look at salaries right now in the defense space.
Places I haven't worked:
Skydio
Applied Intuition
Saildrone
Planet Labs
Boom
Scale AI
Also worth noting that sometimes it's on purpose, sometimes the founders are all "we're gonna save the world" then AFWERX enters the chat with a big fucking check and the founders yell "Nevermind! Guess we're the baddies now! How many slaughterbots did you say?"
And in this case smaller is better?