Sure the stakes and scale are impressive, but the actual contest isn't all that impressive from your description and that in the article.
An egg drop sponsored by NASA is still an egg drop. You're really not doing much more than what other High Schoolers do with CO2 cars, just that there are higher stakes.
I'm thinking far beyond F1, dude. To design and build a motor, power train and gearbox for a micro car is far more impressive to a real-life employer than working solely with aerodynamics and aesthetics.
You do CO2 cars? Why not ones powered by little motors like the ones in model air planes? From an engineering prospective, it would provide another layer of challenge and a new skill set to add to the repertoire you can show a future employer.