Mars One Fizzles Into Bankruptcy After Promising A New Life In Space

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Although the non-profit arm of the company is alive, it lacks investment to do anything. That was confirmed today by Mars One, which announced that the corporation is indeed in administration.

Mars One began accepting applications in 2013 for a mission to establish a permanent settlement on Mars. Mars One was quietly declared bankrupt last month, placing the burden of colonizing Mars on NASA, SpaceX or perhaps some other privately funded entity. 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.

For now, that's all Mars One is saying on the matter.

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.

A space travel company that once advertised one-way trips to Mars has declared bankruptcy. And then, things went from "dream on" to "oh, no".

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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.

Describing its potential astronauts, Mars One said it was looking for people who are "intelligent, creative, psychologically stable and physically healthy".

"The thought of being afraid or having the fear of the fact that I'm going to die on a different planet doesn't really bother me", she said, "because this is something that will help out humanity for years and years to come".

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.

Mars One, the company that wanted to colonize the red planet, has gone bust. After all, Mars One itself isn't an engineering firm, and has no operations in building space craft.