I just read this article on MSN here is a piece of it:
"The company that built the airframes for both racing planes, Florida-based Velocity Aircraft, has been acquired by Rocket Racing and will operate under the aegis of a new subsidiary called Rocket Racing Composites Corp. Velocity will build a new line of private planes as well as the airframes for future Rocket Racers."
The entire article can be found here:
http://www.msnbc.msn.com/id/24100365
Not sure but it sounds like Velocity has been purchased by Rocket Racing Composites Corp.
(After posting this I found it is already being addressed elsewhere on the forum).