Very nice!
Ahh good old F-Zero I love that game and that tune so much! Very nice remix...well its not quite a remix is more like a cover of the song.
Overall you did made it very well, though the transitions are a lil bit abrupt like the one at 00:19, I hope you understand what I mean ^^
A lil bit short but still good AND loopable by the way, great job you've done pal!
Greets!