Mars One Files for Bankruptcy—
The founder of Mars One, Bas Lansdorp, has confirmed that Mars One Ventures AG which was going to finance Mars One is going bankrupt. He added that steps are being taken to rescue the company and that they are in talks with investors and administrators to find a solution. Lansdorp said that he cannot divulge much detail about the efforts that are in process.
This decision has come as a major setback to the ambitious goals of taking humans to Mars. The company was liquidated in a January 15 case in a civil court in the canton of Basel-Stadt in Switzerland, states a January 16 filing in a commercial register of the Canton. The filing was made public for the first time on February 10, on Reddit. The filing did not offer details about the liquidation. Lansdorp said that liquidation will affect only Mars One Ventures 4G.
Mars One has come up with very few financial updates since December 2016 when it was announced that Mars One Ventures went public after it was acquired by InFin Innovative Finance AG, a Swiss firm that worked on mobile payment technologies. Several years ago Mars One garnered headlines when it announced its plans to privately finance human missions to Mars. In these missions, the people who were selected had committed to fly one-way to Mars with no hope of returning to Earth. In 2012, Mars One had announced that it expects to have people land on Mars by 2023, which was later on delayed to 2032.
Mars One had declared that it plans to complete the mission of landing the first crew consisting of four people on Mars for $6 billion. In September 2013, more than 200,000 people had applied for the astronaut selection procedure of which the company selected 1058 applications for consideration.