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Rocket Racing League
Multiple airframes and propulsion systems to develop the X-Racers
About Rocket Racing League
Rocket Racing League (RRL) was conceptualized as a novel aerospace entertainment venture, aiming to blend the thrill of motorsports with rocketry. Founded in October 2005 by Dr. Peter H. Diamandis, renowned for the Ansari X-Prize, and Granger Whitelaw, a two-time Indianapolis 500 champion team partner, the league sought to inspire a new generation of spaceflight enthusiasts. Diamandis's background in incentivizing space innovation and Whitelaw's experience in professional racing were the driving forces behind the league's ambitious vision. The company planned to generate revenue through a diversified business model encompassing sponsorships, merchandise sales, broadcast rights, video games, and ticket sales for live events.
The core of the business was to be a series of races featuring rocket-powered aircraft, known as 'X-Racers,' competing on a virtual three-dimensional track in the sky. This 'Raceway-In-The-Sky™' was designed to be two miles long, one mile wide, and 1,500 feet high, with pilots navigating the course using a head-up display. For spectators, the experience was to be enhanced with multiple camera views, including from the cockpit, and a planned interactive video game that would allow players to race against the pilots in real-time. The target audience included families, motorsports fans, and aerospace enthusiasts.
The X-Racer aircraft underwent several iterations. Initial prototypes were based on the Rutan Long-EZ airframe, developed by XCOR Aerospace. Later, the league acquired Velocity Aircraft in 2008 to produce standardized airframes for all teams. These Mark-II and Mark-III X-Racers were modified Velocity XL models equipped with liquid oxygen (LOX) and ethanol rocket engines supplied by Armadillo Aerospace, capable of reaching speeds up to 300 mph. The engines produced a distinctive 10 to 15-foot long flame, adding to the visual spectacle. Despite several successful demonstration flights, including at the 2008 EAA AirVenture Oshkosh and a 2010 exhibition in Tulsa, the league faced persistent financial difficulties. An inaugural season planned for 2008 with six registered teams never materialized, and after several delays and restructuring efforts, the Rocket Racing League ultimately became defunct by 2014.
Source: Dealroom company dataAt a glance
- Founded
- 2005
- Headquarters
- Burbank, United States
- Sector
- Aviation
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Augustus Ventures
Source: Dealroom Talent Intelligence.
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