Mars One died before it could become Fyre Festival: Space Edition

Popular Science | 2/12/2019 | Staff
jster97 (Posted by) Level 3
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Mars One, a controversial startup with the singular goal of sending humans on a one-way trip to the red planet, is finally (and unsurprisingly) kaputt. Whether you believed Mars One was an expensive lark, an audacious endeavor, or an outright scam, it’s finally over.

A savvy Reddit user with a sharp eye noticed that a Basel court found the company bankrupt on January 15. At the time, it was still valued at nearly $100 million (which is somewhat inexplicable, but also sort of makes sense when you consider how the company managed to linger on for most of the decade without having made any tangible success in getting to Mars). The non-profit arm of the company, the Mars One Foundation, is still alive but is listed in the UK as dormant, with under $25,000 left in accounts. The company released a statement to say it is currently looking for a solution to its bankruptcy concerns on the commercial side, and it is “actively continuing its efforts to secure funding for mission next steps,” along with emphasizing that the non-profit remains intact. They teased at the intervention of a mystery investor, but have not released any details.

Investor - Motives - Mars - One - Work

It’s entirely unclear who this investor is and what their motives are, whether they’re looking to continue Mars One’s work in full, restart the company, acquire its assets for a different project, or something else entirely. The company’s official line is that after clearing its debts, "Mars One will redirect its focus. 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. Mars One itself will focus on the even more inspiring 'being there', the adventurous story of...
(Excerpt) Read more at: Popular Science
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