Following its global premiere last March at Geneva, the Hennessey Venom F5 was most recently displayed back home in America at Pebble Beach where attendees could see the hypercar in the flesh. As John Hennessey told us at Geneva, his ultimate goal is to smash the Koenigsegg Agera RS's top speed record of 277 mph. Hennessey stated 311 mph was his target.

In fact, as he further revealed to Top Gear late last month, "300 mph is kind of the baseline – that's where we would like to begin." In other words, Hennessey wants the Venom F5 to go as fast as possible. However, "the tires and the venue of where we'd run the F5 are the limiting factor."

Prototype testing is due to get underway in 2019. By the end of next year, the aim is to "go out and starting running some serious speeds." Now, we already know the Venom F5's 7.6-liter twin-turbo V8 produces over 1,600 hp, but Hennessey further revealed he and his team "actually tested the engine at over 2,000 hp." While a final output figure is forthcoming, Hennessey can already say 2,000 hp is not happening.

However, "we'll deliver as much power as we need to break 300 mph." And speaking of breaking 300 mph, where exactly will that be happening? Hopefully in Texas. Hennessey added he's been in touch with the state of Texas regarding the subject, so it's possible early planning is already underway.

Fifteen of the planned 24 examples have already been sold, each with a price tag of around $1.6 million. Given the rivalry between Hennessey, Bugatti, and Koenigsegg regarding top speed runs, Hennessey for one thinks it's a great thing to have. "I think it's great what Koenigsegg did. That rivalry pushes all of us to want to go faster." We already knew everything is bigger in Texas. Can a new top speed record be included, too? We'll find out next year.