No, it's not.

But you could race around a planet, or from a system to another..

On the server Browclops we have lots of minigames that Brow sets up. Usually it is a rabbit chase one. One person is the rabbit and must get from the starting line to the finish without dying. If one of the racers kill him, the racer becomes the new rabbit and must reach the finish line alive. We also have random server wide bounties placed on people. And hopefully he will have read the info I have sent him on having a ournament at the Alaska jumpgate which will be loads of fun and lots of money going around there.

~ DaVoid, Expert Star Diver

Actually, the track is there in MP, at least on Elite
Just raced there today

Its inactive though, so the gates dont light up and you'll have to see for yourself that you dont miss any