Mars One is dead

Mars One CEO Bas Lansdorp. Credit Mars One video via YouTube

Mars One is dead

The total debts of Mars One amount to CHF 1.1 million (approximately € 1 million). Its Mars One Ventures AG stock was suspended in 2017 when the company increased the number of shares. Although the non-profit arm of the company is alive, it lacks investment to do anything.

The author of the project Bas Lansdorp says that is not going to give up and look for a solution that would be acceptable to all stakeholders. Also, in 2014, two graduate students from MIT created a report looking at the feasibility of the Mars One mission, claiming that the technology was simply not mature enough for the plan to work and that it would require far more cash and deliveries of extra parts than the mission claimed.

Almost seven years after it first grabbed headlines, Mars One, a startup that wanted to send the first human colony to Mars, is officially dead. And in a surprise to no one, the whistleblower said Mars One had no real budget or concrete plan to even go to Mars, much less set up shop there.

Mars One, the company that wanted to colonize the red planet, has gone bust.

The organization originally planned to send six groups of four to Mars beginning in 2024 and planned to fund the US$6-billion project through corporate sponsorships and a television program.

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Mars One selected volunteers all over the world who agreed to go to the Red Planet without the possibility of returning back to Earth.

In 2016, Mars One Ventures was procured by the Swiss organization InFin Innovative Finance, however, its site does not give off an impression of being active any longer.

Today, according to Engadget, Mars One has a possible lifeline.

Mars One - which began in the Netherlands and now has ties to a Swiss financial services company - says it's been talking to investors and hopes to emerge from the bankruptcy process intact.

The news comes as absolutely no surprise to anyone at Outer Places.

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