The car is actually the Super 88, which had a “rocket” V8 engine. Assumedly, “rocket” is in quotes because it is not a literal rocket engine. This was a time where the engines used in cars and jets had a lot more crossover and a lot of companies made both. Including Olds, who made jet engines for planes during the Korean war. Occasionally jet engines were used in land vehicles. So it was worth avoiding any confusion or accusations of false marketing. They also had a concept around the same time called the “Golden Rocket” that used the same engine:

That said, the 88 was one of the fastest cars in the world at the time and was commonly used in early NASCAR