I don't understand why people are so quick to dismiss SpaceX's ambitions as unrealistic. They were the first to achieve re-usability of the first stage of an orbital class rocket, the first to prove out supersonic retro-propulsion and the first private company to re-fly a spacecraft (the Dragon Capsule). Given that, it seems like they should be given the benefit of the doubt when they say they are going to do somethi…
It's unrealistic because it requires a ridiculous amount of money to go there and establish a colony. The kind of money only states can spend, and probably for an endeavor like this it will require a multinational collaboration. No private company can amass that kind of money because shareholders and investors can't see the ROI in this thing.
When they land the first two BFRs on Mars, I think we will see enough people willing and have the means to build a colony. Until then, it would be hard to get people to commit the needed capital.