Boats are meant to float, but a new concept from Italy’s pioneering Lazzarini Design Studio would also have them soar — sort of. The company has released renderings for its latest creation: Plectrum, a futuristic, 242-foot superyacht capable of traveling at speeds of 86 miles per hour above the water line — similar to a hoverboard.  

The seven-bedroom, helipad and swimming pool-equipped luxury cruiser is set to debut for a price of $99.31 million. “We like to remember that in 1964, shipbuilding was already capable of similar vessel construction,” the studio — which is led by designer Pierpaolo Lazzarini — said in a statement, according to Robb Report.