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.
Private industry sits on a tremendous amount liquid wealth. And because of income inequality, it's actually principally controlled by a relatively small number of people.
In other words, not only is private industry capable of financing a Mars mission, the reality is that private financing may be the _only_ realistic option.
For any skeptic wondering how Musk is able to "sucker" so many investors, this is why--there's just a god-awful amount of private money looking for even the most meager gains.
Note that the Federal Reserve's QE2 amounted to only $2 trillion, less than 1% of global financial assets. If you think quantitative easing has led to an asset bubble, think again. Or rather, think bigger. Whatever you think, just realize that we're living in a brave new word with wealth beyond what anybody can scarcely imagine even today. Few people, if any, understand either the possibilities or systemic risks. The magnitude of things, and the speed with which it evolved, is mind boggling.