Elon Musk Brings His Mars Plan Before the Scientific Community The CEO of SpaceX and Tesla really wants to go to the red planet.

By Mallory Locklear

This story originally appeared on Engadget

Bloomberg via Getty Images
Elon Musk

In this month's issue of New Space, Elon Musk outlined his plan to colonize Mars. His article discusses how to bring down the cost of Mars flights as well as some of the specs of necessary equipment.

The article is adapted from Musk's presentation at the International Astronautical Congress and begins with an argument for why we should focus on Mars for our move towards interplanetary life. Musk then notes that with current technologies, a ticket to Mars would cost around $10 billion, which he correctly deduces is a prohibitive amount if we want to actually colonize another planet.

Getting that cost down to the median price of a house -- around $200,000 -- is key to making the Mars plan viable, says Musk. And he outlines four essential steps that will need to be taken if there's any hope of doing that. First, the transportation would have to be fully reusable because any amount of waste would significantly increase the cost. And ships would need to be refilled while in orbit. Additionally, we would need to be able to produce propellant on Mars and it would have to be optimized for cost, reusability and easy production -- Musk proposes methane.

Musk then proceeds to detail the proposed engine, rocket booster and ship as well as how many ships we would need and how many people each one should be able to carry. For the crew compartment Musk says, "There will be movies, lecture halls, cabins, and a restaurant. It will be really fun to go. You are going to have a great time!"

Musk sketches a rough timeline for these events, but keeps it purposefully vague. It's clear, however, that this is something he's actively working towards. The 15-page journal article is not quite what you expect to see in a peer-reviewed journal -- there are some humorously unnecessary venn diagrams and a few tables that are nothing more than bullet points. But it's a much more flushed out write-up than we usually get from Musk. To see the presentation the article is based on, check out the video below.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Side Hustle

How Can You Use AI to Start a Side Hustle? These Are the 10 Best-Paying Ones Right Now.

With the right tools, it's easier than ever to make extra money outside of your 9-5.

Business Solutions

How I Streamline My Work Day With ChatGPT With These Course's AI Prompt Ideas

Knowing how exactly to communicate with ChatGPT has garnered more sophisticated, usable results and answers for my business.

Science & Technology

The AI 'Black Book' for Entrepreneurs: 7 Tools to Automate and Dominate

Most entrepreneurs barely tap into AI's true power. In this video, discover seven secret AI tools that go beyond basics — boost sales, automate work, and outsmart competitors. Watch now and get a free AI Success Kit!

Growing a Business

How to Build an Advisory Board That Drives Startup Success

Here's what startup founders must consider when crafting an advisory board.

Growing a Business

These Are the 3 Hidden Forces That Shape Startup Success — and How to Embrace Them

Entrepreneurship thrives at the intersection of fragility, momentum and reinvestment. Let's unpack how these forces define the startup journey with lessons on navigating uncertainty, embracing failure and building resilience in the face of risk.