The founder of the $10 million X Prize and a racing-savvy venture capitalist join forces to set up a racing league for rocket-powered planes.

The Rocket Racing League says its rocket-powered race planes will take off for their first public exhibition races on Aug. 1 and 2 at the EAA AirVenture air show in Oshkosh, Wis.

Fortnite’s Rocket Racing is a brand-new arcade racer that tests your driving skills with gravity defying mechanics. Developed by Psyonix, creators of Rocket League, Rocket Racing captures the ...