[2] Rye House began life in 1934, hosting open meetings on a circuit that had been converted from a former running track.

[8][9][10] Rye House stadium continued to operate speedway from 1940 to 1943, despite the disruption caused by World War II.

After the end of the war the track was re-opened by Arthur Elvin (the Wembley Stadium Managing Director) and was once again used as a training school, this time for the Wembly Lions riders.

[15][16] In 1960, Jack Carter agreed a lease with stadium owner L. H. Lawrence and the speedway track was rebuilt by Mike Broadbank, along with his father Alfred.

After finishing 8th during the 1993 British League Division Two season the promoters Roger Shute and Peter Redfern left the club leaving Ronnie Russell in sole charge.

The Rockets continued to compete in the Premier League from 2010 to 2016 before entering the highest tier of British speedway for the first time in their history for the 2017 season.

[27] In September 2018, the Lakeside Hammers, a speedway team in the SGB Championship, moved to the Rye House Stadium, following the closure of the Arena Essex Raceway.