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

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

In case you missed the news yesterday: A redditor discovered a Swiss court filing from January in which Mars One was officially declared bankrupt. "For the execution of the actual voyage to Mars, the company will continue to seek strategic collaboration with renowned companies and organizations involved with the travel to Mars", it now says.

Mars One began accepting applications in 2013 for a mission to establish a permanent settlement on Mars. A user posted a link to financial documents suggesting that Mars One was set to be liquidated.

For now, that's all Mars One is saying on the matter. Although the non-profit arm of the company is alive, it lacks investment to do anything.

According to the company, Mars One's total debts current amount to CHF 1.1m, or around $1.11m. The non-profit foundation is unable to act without further investment, Engadget reported. 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.

The project also prompted anthropologist and author Barbara J. King to ask, "Are people eager to leave behind everyone they love - for the rest of their lives - good candidates to succeed at forging a tight-knit colony on Mars?" That was confirmed today by Mars One, which announced that the corporation is indeed in administration.

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"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 spaceship with the colonists was to be launched to Mars in 2026.

After defending the scam claim in early 2015, CEO Bas Lansdorp and the Mars One project essentially went quiet and now we know why.

A Swiss court declared the commercial division of the Mars One project, the goal of which is to colonize planet Mars, bankrupt.

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