Tuesday, 23 April, 2019

Mars One says new investor could save it from bankruptcy

Featured image of Mars One Space Colonisation Project Company Declares Bankruptcy Mars One is dead
Cary Marshall | 13 February, 2019, 22:50

Mars One, the company that wanted to colonize the red planet, has gone bust.

The declaration was made in a Swiss court on January 15 - and posted on Reddit this past weekend - officially dissolving Mars One Ventures AG. Engadget reached out to Lansdorp who said the Foundation is still operating but wouldn't be able to move forward without further investment.

"We are now working with the administrator and an investor to find a solution moving forward, though at this moment that is all we can share", the company said in an email. 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.

It's a flimsy business model at best, but Mars One Ventures says its new investor is willing to carry the company's financial burden while it turns its dreams into reality.

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The company claimed to have even shortlisted 100 people from across the world to fly on the trip.

For applicants such as Heidi Beemer, a young U.S. Army officer who made it to one of Mars One's final rounds, the chance to live and die on Mars was the answer to a long-held quest. According to the organization, around 200,000 applications were submitted although one source, a finalist that in 2015 claimed the whole thing was a scam, said the actual number of applications received was just 2,761. Matter likewise discovered that Mars One's process for choosing these candidates was questionable.

You're not going to believe this, but the pie-in-the-sky plan to colonize Mars via a kooky reality show is dead.

Mars One's timelines were continually evolving, as well. The company goes on to explain that it's going to "redirect its focus" and attempt to actually make good on its claims of a manned Mars mission. In July 2018, an investment deal with Phoenix Enterprises was announced, that was set to inject $12 million into the firm over the coming year.

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