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Company that advertised one-way trips to Mars goes bankrupt

Company that advertised one-way trips to Mars goes bankrupt

The ambitious Mars One project, which wanted to take people to the "red planet", has been declared bankrupt.

A space travel company that once advertised one-way trips to Mars has declared bankruptcy.

Did we speak too soon in declaring the Mars One project finally dead?

It was assumed that the main source of funding for the project will be a live television show that will broadcast the daily life of the colonists on Mars. In 2015, an insider whistleblower claimed the group had no real plan to realize its interplanetary pitch and had vastly exaggerated the number of people who'd actually applied.

The company planned to document every step of the journey to Mars, including the selection of astronauts and their training.

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Be that as it may, many of Mars One's claims have come under intense scrutiny in the years since its beginning. "The goal of the investor and Mars One is to achieve either a reversal of the administration or a restart based on a financial agreement with the liquidator".

Mars One - which began in the Netherlands and now has ties to a Swiss financial services company - says it's been talking to investors and hopes to emerge from the bankruptcy process intact. In the past, the company has said that arm of the business "holds the exclusive monetization rights around the mission", including merchandise, advertising and broadcasting rights, as well as intellectual property. And then, things went from "dream on" to "oh, no".

Founder Bas Lansdorp, confirmed the news to Engadget and told the publication he was "working to find a solution".

In the past, critics have openly questioned the project's validity and safety after Mars One stated they would use existing technology for the mission. And she said she was still excited at the idea of getting to Mars someday - perhaps by applying for NASA's space program and joining one of its missions to Earth's neighbor.

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