Peter Diamandis, founder of the Ansari X Prize that awarded $10 million to the first private craft to twice reach 100 kilometers, launched the Rocket Racing League on Oct. 3, 2005. The rocket planes, or X-Racers, will compete on a course two miles long, one mile wide and about 5,000 feet in altitude--right over the spectators.
The first race is scheduled for September 2006. Competitions will then be held throughout the United States at air shows and auto races with pilots vying for the X Prize Cup, which will awarded at a final race, in New Mexico in 2007.
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