April 22, 2019

Mars One, which offered 1-way trips to Mars, declared bankrupt

13 February 2019, 10:54 | Dale Webster

An artist's visualization of the Mars One base on the Red Planet. Mars One


Although the non-profit arm of the company is alive, it lacks investment to do anything. The total debts of Mars One amount to CHF 1.1 million (approximately € 1 million).

It's fair to say the years haven't been easy going on Mars One's operations.

Mars One, whose promise of one-way trips to Mars lured more than 202,000 people to apply to become an astronaut, has gone bankrupt. 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. But the vexing question is, just why in the hell would anybody want to salvage Mars One?

The financial bankruptcy of the department of Mars One Ventures, a company based in Switzerland, has thus deprived the program of the main source of funding - income from television broadcasting rights.

In July, the company reported it had an investment from Phoenix Enterprises for up to $14 million that was meant to be used to pay for licensing fees and re-list Mars One Ventures on the stock exchange. In addition, it said, the people chosen as finalists to go to Mars were not the most inspiring or capable, but simply the folks who'd given the most money to Mars One.

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.

Founder Bas Lansdorp, confirmed the news to Engadget and told the publication he was "working to find a solution". Matter likewise discovered that Mars One's process for choosing these candidates was questionable.

Mars One's mission to take humans to the red planet isn't over, the company insists, claiming talks with a new investor could bring the ill-fated space travel company out of bankruptcy.

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