Note: This is video 2 of 2, Time 9:27-19:13
It was supposed to be a supersonic homebuilt jet aircraft that could cruise at up to M 1.14 on a single GE J85 and a range of about 1,200 miles. It also was fully capable of exceeding a climb rate of 12,000 Feet Per Minute (achieving 10,000 feet from take off in under 40 seconds)
Unfortunately, due to the design of the aircraft structurally, there was an accident and Jim Bede canceled the program.
The accident related to vertical tail stabilizer failure when the test pilot was testing Mach 1.0+ capabilities. This resulted in structural failure and a fatal crash.
The total price of this aircraft was to be well under $1 million.
(Give me 2 days locked in a room and I could have solved those issues completely).
Anyways, if this aircraft was fixed and made sound structurally, it would be dominating the the market today.