Mars One goes bankrupt, ending private colonization project

The plan was to set up a permanent outpost on Mars with volunteers willing to leave Earth on a one-way mission with no hope of return

The Mars One project to colonize the Red Planet looks like it’s come to a quiet end after the company was declared bankrupt. On January 15, Mars One Ventures, a private firm that was bought by a Swiss holding company in 2016, was ordered to go into liquidation in a Swiss court, putting paid to plans to set up a permanent outpost on Mars with volunteers willing to leave Earth on a one-way mission with no hope of return.

Founded in 2012, Mars One made a bit of a splash in its early days, but it went quiet in recent years with its last official news release being an announcement in July 2018 that the company had secured additional funding from Phoenix Enterprises AG, a Swiss investment company. However, that doesn’t seem to have helped, with a posting on the website from the Kanton Basel-Stadt stating,

“By decision of 15 January 2019, the Civil Court of the City of Basel declared the company bankrupt with effect from 15 January 2019, 3.37 pm, thus dissolving it.”

Read more HERE