Elon Musk outlines 'aspirational' plan to colonize Mars from 2024

Elon Musk outlines 'aspirational' plan to colonize Mars from 2024

But then a day after, Daimler replied that Musk was right and they plan to invest $10bn with an additional $1bn that will be invested only for the production of battery for electric cars. He explained that passengers on the craft could make "most long-distance trips" in just 30 minutes and go "anywhere on Earth in under an hour" for roughly the same price as an economy airline ticket.

At a Space Industry Conference, SpaceX's CEO, Elon Musk shared his revised plans for travel to Mars and the Moon.

"I think we've figured out how to pay for it", he told the congress. "This is very important".

The same rocket, called BFR, would lead the first humans on Mars by the year 2024.

The BFR will stand 100 metres tall with 31 engines to lift a payload of more than 4000 tonnes into space.

Construction of the BFR will begin at the start of 2018. The first goal is to find water and the second is to build a propellant plant to fuel the rockets. The bottom half would become a spaceship headed to another planet, while the top half would come back down to earth, landing on a floating launchpad in the desired destination.

"But all of our resources will then turn to building BFR". It will then propulsively land in Shanghai in under 40 minutes. Earlier, the chief executive had proposed the development of a huge spacecraft to mass transport people to Mars, which he has estimated would cost $10 billion (Rs 6.5 crore) per person.

The B is for big; the R for rocket. "Five years seems like a long time to me".

Elon Musk wants us to use the SpaceX rockets to cover displacements between very distant cities, such as London and Dubai or Hong Kong and Singapore. Once mining operations and refining operations are up and running then the base on Mars would be on track to grow into a full-fledged city.