Elon Musk Believes Moving to Mars will cost less than $500,000, ‘maybe even below $100,000’ [Video]

Elon Musk believes and is “confident” that moving to Mars will “one day” cost less than $500,000 and “maybe even” cost below $100,000.

The final cost is “very dependent on [the] volume” of travelers, Musk said and the cost of moving to Mars will be “low enough that most people in advanced economies could sell their home on Earth [and] move to Mars if they want.”

The Comments were made on a Twitter Feed that announced the Raptor engine (the engine which will power the rocket’s travels to Mars) has achieved the “power level needed for Starship and Super Heavy.”

A SpaceX spokesperson told CNBC  the Starship is the rocket (formerly called the BFR rocket) that SpaceX is building to go to Mars. The Raptor is the rocket engine that SpaceX is making to power the Starship. The Starship will have seven Raptor engines and the booster that launches the rocketship, called Super Heavy, will have 31 Raptor engines.

According to SpaceX’s website, The “aspirational goal” for SpaceX is to send the first rocket to Mars (with cargo only) in 2022 and the second mission, which will take more cargo and crew, is aiming to go in 2024.

“The objectives for the first mission will be to confirm water resources, identify hazards, and put in place initial power, mining, and life support infrastructure,” SpaceX website says. The second mission has “primary objectives of building a propellant depot and preparing for future crew flights.

The ships from these initial missions will also serve as the beginnings of the first Mars base, from which we can build a thriving city and eventually a self-sustaining civilization on Mars.”  – [Read More]

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