Finally, they and producer Joel Silver collaborated to begin production on Speed Racer as a family film so the directors could reach a wider audience. It had been in development since 1992, changing writers and directors. The film is written and directed by The Wachowskis who also serve as co-producers. Speed finds support from his parents and his girlfriend Trixie and enters The Crucible in a partnership with his one-time rival, Racer X, seeking to rescue his family's business and the racing sport itself. With the offer to Speed denied, Royalton wants to ensure that Speed will not win races. Speed also uncovers a secret that top corporate interests, including Royalton, are fixing races and cheating to gain profit. The owner of Royalton Industries named Arnold Royalton makes Speed a lucrative offer, but Speed rejects the offer, angering the owner.
Speed is loyal to the family business, run by his parents Pops and Mom. Speed Racer is a young man with natural racing instincts whose goal is to win The Crucible, a cross-country car racing rally that took the life of his older brother, Rex Racer.