It reached those speeds using only its EJ200 jet engine. Next, the team will attach a rocket to the tunnel beneath the jet engine. That will generate several tonnes of thrust. With the added boost and data from the most recent test runs, Bloodhound hopes the car will reach 800MPH, beating the world land speed record.

The project hasn't completely resolved its financial woes. It will need to raise up to £10 million (about $13 million) to move into the final phase of the program, but owner Ian Warhurst is optimistic. "The global media interest around the high speed testing has really raised our profile and potential sponsors are getting in touch every day," he said in a press release.