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SpaceX CEO Has Huge Plans For Mars Colonization

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How much would you be willing to pay to be a colonist on Mars? According to Billionaire Elon Musk, a one-way ticket to the Red Planet should cost around $500,000…and he plans to make it a reality, not just a hypothetical. Considering what the mission entails, this price tag is surprisingly reasonable.

Elon Musk is the CEO of SpaceX, a private space exploration company interested in, amongst other things, expanding the space tourism market. According to Space.com, Musk wants to launch a Mars colony program with no less than 10 Mars, traveling by of a huge, reusable rocket powered by liquid oxygen and methane. It’s an extremely ambitious goal, but Musk believes it can be done.

The SpaceX CEO hopes to send machines along with the colonists to produce fertilizer, methane, and oxygen from Mars’ atmospheric nitrogen and carbon dioxide, and construction materials to build transparent domes on the Red Planet. Once finished, the domes would pressurize and allow the growth Earth crops including corn, wheat, and soy. Musk hopes that once the Mars pioneers are self-sufficient, they would transport more people with fewer supplies and equipment from Earth to Mars.

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SpaceX Founder Elon Musk Has His Sights Set On Mars

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Eccentric billionaire and SpaceX founder Elon Musk has already demonstrated that he intends to put his (considerable) money where his mouth is when it comes to advancing the privatization of space exploration. On May 25th, SpaceX’s Dragon capsule docked with the International Space Station, putting SpaceX in a category that had previously only been occupied by nations such as the U.S., China, and Russia. Musk’s plans for the future are even more ambitious: he’s got his sights set on Mars.

With the news networks eager to capitalize on the excitement over NASA’s Curiosity rover, ABC News got Musk on the horn to discuss the future of space exploration, and the former PayPal entrepreneur wasn’t shy about his goals.