The Mars One project has been declared bankrupt

13 February, 2019, 22:50 | Author: Darnell Taylor
  • Mars One says new investor could save it from bankruptcy

It seemed, therefore, like the end of the road when reports earlier this week claimed Mars One Ventures AG - the for-profit part of Mars One, distinct in its operations from the Mars One Foundation - had gone into bankruptcy. Along the way, Mars One also fended off accusations that it was running a scam, getting people to pay almost $40 for a remote chance to travel in space. Then, it was reported that Ukrainian was selected in the Mars One project. 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. The organization promised wannabe space travelers that it would send them to the Red Planet to start the first human settlement, however, that it would not return them to Earth as it came up short on the technology to get them off the planet.

The company planned to document every step of the journey to Mars, including the selection of astronauts and their training.

For now, that's all Mars One is saying on the matter. In the past, the company has said that arm of the business "holds the exclusive monetization rights around the mission", including merchandise, advertising and broadcasting rights, as well as intellectual property.

Meanwhile, the non-profit Mars One Foundation, according to Landorp, is still in operation, but it will not be able to continue without further funding. This is certainly good news for Mars One's investors, who are owed in excess of $1 million and might actually recoup their money this way.

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But going to Mars is a ridiculously complicated multi-billion-dollar affair, and Mars One never really proved it was serious enough to tackle the interplanetary challenge.

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. After all, Mars One itself isn't an engineering firm, and has no operations in building space craft.

Mars One Ventures - the organization that guaranteed it would send several individuals to live (and ultimately die) on the Red Planet - is presently bankrupt, as per Swiss financial notices.

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