Mars One, company that planned to settle humans on Mars, goes bankrupt

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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.

The bankruptcy affects the company's commercial arm, Mars One Ventures AG, but does not affect the non-profit Mars One Foundation, the email said.

Mars One began accepting applications in 2013 for a mission to establish a permanent settlement on Mars. The development of space ships for the delivery of colonists to Mars and the construction of their residential modules and life support systems was carried out by private contractors. "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".

By 2015, a Mars One insider had blown the whistle on the organization.

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But going to Mars is a ridiculously complicated multi-billion-dollar affair, and Mars One never really proved it was serious enough to tackle the interplanetary challenge. "During the last few months, discussions have been held with a new investment company", Mars One said today.

Meanwhile, the non-profit Mars One Foundation, according to Landorp, is still in operation, but it will not be able to continue without further funding. But the vexing question is, just why in the hell would anybody want to salvage Mars One? The list was cut down to 1,058 finalists - who then went through several more rounds of reductions. 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.

Describing its potential astronauts, Mars One said it was looking for people who are "intelligent, creative, psychologically stable and physically healthy".

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

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