it is obviously trust powered, the powerplant looks like the turbine from a military air starter cart which is why it has 2 exhaust pipes, the bottom one is the original exhaust and the top one is the compressed air feed for starting the fighter engine.
It looks like there is a juel feed into the top exhaust to make an afterburner for more thrust as the compressed air feed was off the intake compressor and never had any fuel in it, straight compressed air
the frame is also rigid and long which also points at a drag bike