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New | Humans on Mars in 10 years: Elon Musk’s plans for a colony on the red planet

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Elon Musk, chief executive officer for Space Exploration Technologies Corp. (SpaceX), speaks during the 67th International Astronautical Congress (IAC) in Guadalajara, Mexico. Musk delivered a keynote address at the conference titled "Making Humans a Multiplanetary Species" and tackled the technical challenges and "potential architectures for colonizing Mars, the Red Planet." Photo: Bloomberg
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SpaceX is developing an interplanetary rocket and capsule to transport large numbers of people and cargo to Mars with the ultimate goal of colonising the planet, company chief and tech billionaire Elon Musk said on Tuesday.

Musk outlined his plans for a massive Mars rocket, capable of carrying 100 passengers plus cargo per voyage, even as SpaceX is still investigating why a different rocket carrying a US$200 million Israeli satellite blew up on a launch pad in Florida earlier this month.

Though he said he envisions humans living in a large colony on Mars, he added that the key will be getting the cost down low enough to attract willing volunteers.

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“You can’t create a self sustaining civilization if the ticket price is $10 billion per person,” he said.

“Our goal is to get it roughly equivalent to cost of a medium house in the United States, about $200,000.”

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Jean-Yvez Le Gall, president of the Centre National d'Etudes Spatiales (CNES), smiles during a panel discussion at the 67th International Astronautical Congress (IAC) in Guadalajara, Mexico. Photo: Bloomberg
Jean-Yvez Le Gall, president of the Centre National d'Etudes Spatiales (CNES), smiles during a panel discussion at the 67th International Astronautical Congress (IAC) in Guadalajara, Mexico. Photo: Bloomberg
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