📺 Stream EntrepreneurTV for Free 📺

Elon Musk Says 'Almost Anyone' Can Afford $100,000, a Hypothetical Price Point for a SpaceX Ticket to Mars Musk aims to send about a million people to create a city on Mars in coming decades.

By Marianne Guenot

entrepreneur daily

This story originally appeared on Business Insider

Elon Musk said that a $100,000 hypothetical price point for a ticket on his shuttles to Mars should be affordable for most people.

Musk's company SpaceX plans to build a self-sustaining city on the red planet in the coming decades.

In a conversation with the head of TED conferences Chris Anderson published Monday, Musk was asked about the price of a journey. Anderson asked if it could get as low as a few hundred thousand dollars.

Related: 61 Books Elon Musk Thinks You Should Read

Musk said the price point would be determined partly by economics but also a need to make Mars travel affordable enough to attract around a million of the kinds of people needed to build a city on Mars.

"If moving to Mars costs, for argument's sake, $100,000, then I think almost anyone can work and save up and eventually have $100,000 and be able to go to Mars if they want," Musk said around minute 46.

"We want to make it available to anyone who wants to go," he said.

The scenario Musk described seemed predicated on people selling homes and other assets to go.

Related: Tesla Billionaire Elon Musk's Demanding Daily Routine

In the interview Musk mentioned other possible funding sources, like being sponsored by governments or taking out a loan.

Musk previously ballparked a round trip to Mars between $100,000 and $500,000.

In 2020, Musk said he hoped to build 1,000 of SpaceX's Starships over the course of 10 years in order to send 1 million people to Mars by 2050 to build a city on Mars, Insider previously reported. He later hinted that the first human on Mars might land in 2029.

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

Growing a Business

Clinton Sparks Podcast: The Struggles and Fame of Rapper Lil Yachty's Entrepreneurship Journey in Hip-Hop

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Leadership

You're Reading Body Language All Wrong — And It's Putting Your Next Business Deal On The Line. Decode Non-Verbal Cues By Following These 5 Steps.

In the intricate dance of business meeting negotiations, the nuances of communication become the fulcrum on which decisions balance. For the astute entrepreneur, understanding body language is not just a skill; it's an imperative. However, relying solely on isolated gestures can be deceptive. To truly harness the power of non-verbal cues, one must grasp the concept of "clusters."

Business News

The Music Giant Behind Beyoncé, Harry Styles and Adele Bars ChatGPT From Using Its Songs

The world's largest music publisher sent letters to more than 700 companies demanding information about how its artists' songs were used.

Business News

OpenAI's New Deal Sees the ChatGPT Trailblazer Following a Competitor's Lead

OpenAI is treading on Google's AI-training territory following its new deal with Reddit.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."