Tesla owner plans to make humans reach Mars in next seven years

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Elon Musk's SpaceX unveils ambitious plan to launch spaceship-based travel system between countries

The spacecraft, that will be traveling to Mars, as per the Elon Musk, will launch in 2022 for the first time before colonizing the planet from 2024.

But if that wasn't enough, Musk also announced new details on his plan to colonize Mars.

National Geographic noted that Musk intended to manufacture several Falcon 9 and Dragon capsules for which he could then sell rides to space for cargo missions. "We'll start construction of the first ship by around the second quarter of next year, within six to nine months", Musk told the audience.

Speaking at a space conference in Australia on Friday, Musk said the company had looked into applying the technology to whizzing people to different places on Earth in insanely fast times.

Its interplanetary vehicle will be 48 metres long and feature 40 cabins, each capable of carrying three people.

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Other possible trips outlined in the video include New York to Paris (30 minutes) and London to New York (29 minutes). Also, he discussed the cost of the seat, which he said would be full fare for an economy seat in an aircraft.

"We believe we can build BFR with the revenue we receive from launching satellites and servicing the space station".

The SpaceX mission will undoubtedly prove to be a costly campaign, however, Musk offered a vague proposal to fund the project. In addition, other city-to-city rocket journeys would take no longer than an hour. He said a priority was to get the cost of moving to the red planet reduced by five million percent, to the average cost of a house in the United States.

Musk didn't provide any specific numbers on how SpaceX will finance these costly ambitions, but is confident that the company will find a way. Once ready, it will scrunch the 5hr drive it takes at present to only 29min, he claims.

And it won't be expensive.

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