A method for racing rocket-powered vehicles directly against one another is provided in which a first rocket-powered vehicle simultaneously races against a second rocket-powered vehicle to be the first to complete a race course. The method may include the first and second rocket-powered vehicles performing a pre-determined maneuver while proximate a group of spectators, and/or the rocket-powered vehicles strategically performing the steps of gliding and boosting the flight of their rocket-powered vehicle in accordance with a pre-determined maximum fuel criteria. The method further may include permitting spectator interaction with participants of the racing competition and enabling spectators to compete with actual participants via virtual vehicles. The method may also include the rocket-powered vehicles performing a refueling operation. The method may further include providing audible or visual identifiers of the vehicles. In addition, the method may include providing safety data to ensure safe separation between competing vehicles.