Company that promised one-way ticket to Mars goes bankrupt

Christopher Davidson
February 13, 2019

The company claimed it could do so using existing technology. A portion of the press release explains what the company has been doing lately, which has very little to do with traveling to Mars: During the last few months, discussions have been held with a new investment company.

Be that as it may, many of Mars One's claims have come under intense scrutiny in the years since its beginning.

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.

"The bankruptcy only involves Mars One Ventures AG and does not affect the financial position of the Mars One Foundation, which is the driving force behind the mission", Mars One said in a statement.

By 2015, a Mars One insider had blown the whistle on the organization.

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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 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. A user posted a link to financial documents suggesting that Mars One was set to be liquidated. The list was cut down to 1,058 finalists - who then went through several more rounds of reductions. 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.

Even when she was passed over, Beemer said she was glad to have been part of the selection process. The news was confirmed by the company's founder, Bas Lansdorp, to Engadget. After all, Mars One itself isn't an engineering firm, and has no operations in building space craft.

Mars One, a Dutch company that planned to send humans on a one-way trip to Mars and start the first human colony on the Red Planet, has been declared bankrupt.

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