The bike itself has front suspension, a rear derailleur and cassette, and standard flat handlebars. It is, most certainly, a bicycle with regular spokes, tires, and general look—minus the oxygen and hydrogen peroxide tanks, of course. This is especially cool when you realize that they hit 207 mph in just 250 meters without being particularly aerodynamic, though Gissy rode in a superman position.
Ethan Wolff-Mann is an editor at Supercompressor. He has probably topped out around 50 mph on a road bike, if that.