Description taken from Dreamcast version of this game

The Looney Tunes characters are hopping onto their rocket-powered vehicles for a race through space. Choose from a list of characters to play as that includes such favorites as Bugs Bunny, Daffy Duck, Elmer Fudd, and Wile E. Coyote. Six planets are included to race on with a total of 12 tracks in all. Play alone or with up to four of your friends in split-screen action. Keep your opponents from winning by slowing them down with Acme gags like the instant storm, falling anvil, or disintegrator pistol. Looney Tunes: Space Race also features a VMU pinball mini-game. ~ Jonathan Sutyak, All Game Guide