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  [Discuss] Mars One's plans for a Mars colony (Page 2)

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Author Topic:   [Discuss] Mars One's plans for a Mars colony
David C
Member

Posts: 906
From: Lausanne
Registered: Apr 2012

posted 02-10-2019 07:10 PM     Click Here to See the Profile for David C     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Robert Pearlman:
Mars One Ventures, the financial arm of the Mars One Project, is bankrupt.
What a surprise.

Robert Pearlman
Editor

Posts: 40977
From: Houston, TX
Registered: Nov 1999

posted 02-11-2019 10:53 AM     Click Here to See the Profile for Robert Pearlman   Click Here to Email Robert Pearlman     Edit/Delete Message   Reply w/Quote
Despite the bankruptcy, Mars One continues on, reports SpaceNews.
Bas Lansdorp, founder of Mars One, confirmed that the company was bankrupt, but provided few additional details.

“We’re working with the administrator and an investor to find a solution,” he said in a Feb. 11 email, but said he couldn’t publicly discuss the status of those efforts at this time.

Mars One has an unusual structure involving two organizations. One is the Mars One Foundation, a non-profit organization responsible for implementing its goal of establishing a permanent human settlement on Mars. The other was Mars One Ventures AG, which held the exclusive rights to monetize the project through such things as the sales of sponsorships and broadcasting rights, providing a share of those revenues to the Mars One Foundation.

Lansdorp emphasized that the bankruptcy filing affected only the for-profit company, Mars One Ventures. However, with the collapse of that company, financing of the non-profit foundation is uncertain.

denali414
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Posts: 396
From: Raleigh, NC USA
Registered: Aug 2017

posted 02-12-2019 10:14 AM     Click Here to See the Profile for denali414   Click Here to Email denali414     Edit/Delete Message   Reply w/Quote
Sadly, despite being a pipedream at best from the start — the investors and "donators" are the only ones hurt, the board of directors made out nicely, as did Bas Lansdorp, both in his positions of CEO and board member, but also in the initial public offering in Germany.


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