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Author
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Topic: [Discuss] Mars One's plans for a Mars colony
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David C Member Posts: 1015 From: Lausanne Registered: Apr 2012
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posted 02-10-2019 07:10 PM
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: 42988 From: Houston, TX Registered: Nov 1999
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posted 02-11-2019 10:53 AM
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 Member Posts: 593 From: Raleigh, NC Registered: Aug 2017
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posted 02-12-2019 10:14 AM
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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