This car is trying to go faster than sound does in air.  It is named the Sprit of America.

 


Sound is a compressional wave that travels through matter.  It can travel through water and stones as well as through air.  All you need to have sound is some medium for it to go through.

Can there be sound in space?  No, because in space there is not enough matter to transmit sound.  Remember that sound moves from place to place as particles bump into each other and tranfer their kinetic (motion) energy.

The speed of sound is typically given as 340m/s.  I say typically because sound can travel at various speeds.  In substances that aren't very dense (like air) sound travels relatively slowly.  In dense substances like metals, sound travels many times faster.
 
medium speed (meters/sec)
air  340
water  1500
aluminum  5000

good site for loads of sound info

more sound information