Mars One dreams plummet back to Earth as company goes bankrupt

Total Recall

Mars One's mission to take humans to the red planet isn't over, the company insists, claiming talks with a new investor could bring the ill-fated space travel company out of bankruptcy.

Mars One Ventures, the for-profit arm of the mission, was declared bankrupt by a Basel Court in Switzerland on January 15. Then, it was reported that Ukrainian was selected in the Mars One project.

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.

"Mars One itself will focus on the even more inspiring "being there", the adventurous story of humans actually living on Mars, making The Red Planet their new home", the company continues.

In 2016, Mars One Ventures was procured by the Swiss organization InFin Innovative Finance, however, its site does not give off an impression of being active any longer.

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The company had recently whittled down its large application list of would-be Martians to 100 names, with plans to reduce it further before starting full-time training.

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. "During the last few months, discussions have been held with a new investment company", Mars One said today.

Lansdorp told Engadget that the Mars One Foundation is still operating, but could not do anything of note without additional investment. The total debts of Mars One amount to CHF 1.1 million (approximately € 1 million). In addition, it said, the people chosen as finalists to go to Mars were not the most inspiring or capable, but simply the folks who'd given the most money to Mars One.

The author of the project Bas Lansdorp says that is not going to give up and look for a solution that would be acceptable to all stakeholders.

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