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techkenyot.com April 18, 2019


Mars One Ventures is Bankrupt

13 February 2019, 10:54 | Edward Lowe

Mars One Ventures is Bankrupt

Total Recall

On January 15th, The Swiss-based Ventures AG was declared bankrupt by a Basel court and was, at the time, valued at nearly $100 million. "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. A user posted a link to financial documents suggesting that Mars One was set to be liquidated.

He stated that the nonprofit foundation of Mars One, the Netherlands-based Mars One Foundation, was still alive but has no investment to add any value to the company.

Mars One selected volunteers all over the world who agreed to go to the Red Planet without the possibility of returning back to Earth.

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For now, that's all Mars One is saying on the matter. Also, in 2014, two graduate students from MIT created a report looking at the feasibility of the Mars One mission, claiming that the technology was simply not mature enough for the plan to work and that it would require far more cash and deliveries of extra parts than the mission claimed.

In 2013, the space venture attracted applications from 202,586 people in just five months, drawing interest from some 140 countries. The total debts of Mars One amount to CHF 1.1 million (approximately € 1 million). The list was cut down to 1,058 finalists - who then went through several more rounds of reductions.

"I actually decided and told my parents when I was 8 years old that I was going to be an astronaut and go to Mars", Beemer told NPR in 2014.

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

However Mars One CEO Bas Lansdorp says the company isn't giving up.

Mars One Ventures - the organization that guaranteed it would send several individuals to live (and ultimately die) on the Red Planet - is presently bankrupt, as per Swiss financial notices.

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