Mankind will be headed for Mars sooner or later, but planning and executing the first manned mission to another planet is obviously a complex and expensive endeavor.

Mars One was one of the first and most ambitious attempts at getting a manned Mars mission off the ground. But it was terribly mismanaged, shortsighted and possibly even fraudulent in nature. It is also now dead.

Mars One — which is broken into a confusing mishmash of a non-profit foundation and a for-profit company — gathered tens of millions of dollars from investors who saw promise in the company’s goal of creating a permanent Mars settlement. Needless to say, things didn’t work out.

Reports of the company’s collapse, which were picked up by Reddit and spotted by Engadget, appear to suggest that the entire organization has completely run out of funding.A bankruptcy declaration seems to be the final nail in the coffin for Mars One’s commercial efforts and any mission that were still in their very earliest stages.

But it’s worth noting that this entire thing was a colossal mess right from the start and the business model (if you can even call it that) was laughable.

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