Business
Column: Elon Musk's dumbest idea is to send human colonists to Mars
The image of Elon Musk that may be dominating people’s mindspace at the moment is of his prancing about joyously — and, yes, a tad weirdly — behind Donald Trump on the podium during the latter’s Oct. 5 rally in Butler, Pa.
But how many people noticed the clue to Musk’s worldview on display at the event? For visible under his jacket was a T-shirt bearing the legend, “Occupy Mars.”
That’s a pointer to one of Musk’s most dearly held goals, which is to populate Mars with humans, transported to the Red Planet presumably by Musk’s rocketship company SpaceX. Musk has been airing this idea for years, even a decade or more. His mantra, as he tweeted as recently as a few weeks ago, is that “becoming multiplanetary is critical to ensuring the long-term survival of humanity and all life as we know it.”
Outer space seems designed to kill us.
— Scientific American
Musk brings up the idea of colonizing Mars so often that it can properly be regarded as a whim of iron. It’s a whim because he plainly hasn’t pondered soberly the obstacles in the way.
The technical challenges of sending a spacecraft to Mars, the distance to which from Earth averages about 140 million miles, are plainly the least difficult, since we’ve already done it: NASA landed the robotic rovers Spirit and Opportunity on Mars in January 2004.
Spirit functioned for five years, sending telemetry back to Earth from its five-mile range; Opportunity ranged over 28 miles of the Martian landscape for an amazing 15 years (its fascinating and endearing life story is told by “Good Night Oppy,” a documentary streaming on Amazon Prime).
All the other challenges are harder, and many are not amenable to human ingenuity at this stage. They’re financial, biological and psychological — and also technical, when the question is not how to get to Mars but how humans can function and survive once we’re there, much less establish a permanent presence.
Musk’s timeline for colonizing Mars has shifted constantly since he began bringing it up. Last month he announced that the first Mars-bound Starships would launch (unmanned) in two years, when Mars and Earth come to their nearest approach, as they do every 26 months or so.
If the landings succeed, the first crewed missions would take place two years later. Further flights, he said, would fulfill the goal of building a “self-sustaining city in about 20 years.”
Yet he also has talked about sending 1 million human colonists for that self-sustaining city in Mars by 2050, a mere 24 years after the first manned touchdown. In 2020 he posited building a fleet of 100 Starships every year for 10 years, parking them and their passengers in Earth orbit to await the next Earth-Mars near approach.
Such pronouncements have often elicited credulous reactions from Musk’s interviewers. They should know by now, however, that taking them at face value is the wrong way to bet.
Musk is notorious for the unreliability of his timing and engineering forecasts. While his words are taken as gospel by his fan base, many in the automotive and high-tech communities have learned from bitter experience not to trust them. It’s proper to ask whether he has ever met a self-imposed deadline for bringing out a new product or feature or fulfilled his claims for their capabilities.
The freshest example was his Oct. 10 unveiling of prototypical self-driving taxis and vans amid claims that his EV company Tesla would have fully autonomous vehicles on the road next year. Tesla shares fell nearly 9% the next day, thanks to world-weary investors who had heard such overcooked claims from him before. (A prototype humanoid robot introduced at the same event and implied to operate autonomously was later revealed to be human-assisted.)
If Musk can’t meet deadlines a few years off, then, why would anyone buy projections dated a quarter-century into the future?
Fancies about interplanetary travel may have their sedulous followers, but skepticism about Musk’s Martian fantasy have been mounting. Last month, the Wall Street Journal did the math on the 26-month cycle in which the Earth and Mars approach each other close enough to make travel between them practical, and reported that Musk’s timeline for Mars settlement was unlikely within his lifetime. (He’s 53.)
As for the other obstacles, they’re legion. One is the question of who would pay for the project. As rich as he is — he is often described as the richest or second-richest person on Earth, with a fortune estimated at $195 billion — he doesn’t have the resources to go it alone.
Indeed, without its billions of dollars in U.S. government contracts, SpaceX would be going nowhere fast, even in Earth orbit. But whether the U.S. would have the political will or fiscal capacity to mount a project estimated to cost $1 quadrillion (that’s 1,000 trillions) is doubtful in the extreme even if spread out over several decades.
Space aficionados often compare the drive to explore other worlds to the impulse that sent humans on voyages around the world, depicting our forebears’ curiosity about our own planet as an innate curiosity that defines us as an alpha species. It’s comforting to think of ourselves that way, but more than a little pompous.
The truth is that the chief impulse that sent Europeans around the world was commercial. The Spanish came to the New World in search of gold, Russians for pelts, others for spices, raw materials, fishing grounds, etc., etc. They spent fortunes in these efforts, but they were willing to invest on the expectation of a healthy financial return.
Human interplanetary exploration will be more dangerous and more costly, especially if robots can do the work, and the lack of a discernible economic return a greater obstacle. “We haven’t even colonized the Sahara Desert, the bottom of the oceans or the moon, because it makes no economic sense,” the physician Danielle Teller observed nearly a decade ago. “It would be far, far easier and cheaper to ‘terraform’ the deserts on our own planet than to terraform Mars. Yet we can’t afford it.”
NASA estimates the length of a voyage to Mars as at least nine months, during which the passengers would be bombarded by radiation and their bodies warped by weightlessness and by Martian gravity, which is 38% that of Earth. It may not be a survivable journey.
“Outer space seems designed to kill us,” Scientific American observed last year. “Humans evolved for and adapted to conditions on Earth. Move us off our planet, and we start to fail — physically and psychologically. The cancer risk from cosmic rays and the problems that human bodies experience in microgravity could be deal-breakers.”
Astronauts on the International Space Station, where the stays have typically been six months or less (a few record breakers have approached or exceeded one year), were known to have experienced weightlessness-associated visual impairments due to changes in the eye that were “not fully reversible upon return to Earth,” according to a 2018 study.
What would the colonists find upon arrival?
They would encounter a barren landscape without water or breathable atmosphere, bathed in deadly solar and galactic radiation from which Earthbound humans are protected by our planet’s atmosphere and magnetic field. Food, water and other resources would have to be shipped from home, at distances that make the supply frighteningly undependable. They would have to live underground, adding to psychological disorientation compounded by their sheer remoteness; they would be the first humans who were living beyond a view of Earth itself.
Mars is more inhospitable to human occupation than the most punishing terrestrial environments, such as Antarctica and the remote desert. Its average surface temperature is minus 85 degrees, and can fall as low as minus 225 degrees.
Then there are the psychological pressures of underground life hopelessly far from home. An oft-mentioned cautionary tale is the experience of Biosphere 2, in which eight volunteers — four men and four women — were sealed in a futuristic glass structure in Arizona from 1991 to 1993 as an experiment in remote self-sustained living.
They raised crops and domestic animals for food and enjoyed their lifestyle, until “the human element” intervened, as one of the subjects wrote later. “We contracted a syndrome psychologists call irrational antagonism. That is, we split into two groups of four. A power struggle over the project’s direction made things much worse.” Their oxygen supply dwindled, producing a syndrome resembling altitude sickness, due to a miscalculation about photosynthesis.
They had encountered an age-old phenomenon common in insular communities cut off from home. The leader of the 19th century California utopian community Kaweah put it into words: His people “divided into factions, and fractions of factions,” he wrote. “Otherwise good people seem to take a delight in finding flaws in their neighbors.”
It may be that technological advances will eventually overcome these obstacles. But it’s also true that human ingenuity already has produced a solution to some of the most pressing: robots. For what Spirit and Opportunity proved is that there’s little of value that humans can do in deep space that robots can’t do as well, or better.
The ultimate question about Musk’s project is why? His vision seems to have been formed at the age when adolescents become enthralled by science fiction movies set in faraway galaxies — which isn’t to say that they can remain entertaining for adults, too.
But for him, reality is a distraction. For less than the stupendous cost of colonizing Mars, humanity could address the issues that Musk feels will make the Earth uninhabitable, such as global warming. Leaving an Earth warmer by 2 degrees centigrade for Mars “would be like leaving a messy room so you can live in a toxic waste dump,” Kelly and Zach Weinersmith wrote in their 2023 book, “A City on Mars: Can We Settle Space, Should We Settle Space, and Have We Really Thought This Through?”
Good question. Musk plainly hasn’t thought it through, at least not enough to avoid dismissing the challenges with hand-waving. But we can. Our imperative is to fix the home we live in before setting forth to ruin another one.
Business
iPic movie theater chain files for bankruptcy
The iPic dine-in movie theater chain has filed for Chapter 11 bankruptcy protection and intends to pursue a sale of its assets, citing the difficult post-pandemic theatrical market.
The Boca Raton, Fla.-based company has 13 locations across the U.S., including in Pasadena and Westwood, according to a Feb. 25 filing in U.S. Bankruptcy Court in the Southern District of Florida, West Palm Beach division.
As part of the bankruptcy process, the Pasadena and Westwood theaters will be permanently closed, according to WARN Act notices filed with the state of California’s Employment Development Department.
The company came to its conclusion after “exploring a range of possible alternatives,” iPic Chief Executive Patrick Quinn said in a statement.
“We are committed to continuing our business operations with minimal impact throughout the process and will endeavor to serve our customers with the high standard of care they have come to expect from us,” he said.
The company will keep its current management to maintain day-to-day operations while it goes through the bankruptcy process, iPic said in the statement. The last day of employment for workers in its Pasadena and Westwood locations is April 28, according to a state WARN Act notice. The chain has 1,300 full- and part-time employees, with 193 workers in California.
The theatrical business, including the exhibition industry, still has not recovered from the pandemic’s effect on consumer behavior. Last year, overall box office revenue in the U.S. and Canada totaled about $8.8 billion, up just 1.6% compared with 2024. Even more troubling is that industry revenue in 2025 was down 22.1% compared with pre-pandemic 2019’s totals.
IPic noted those trends in its bankruptcy filing, describing the changes in consumer behavior as “lasting” and blaming the rise of streaming for “fundamentally” altering the movie theater business.
“These industry shifts have directly reduced box office revenues and related ancillary revenues, including food and beverage sales,” the company stated in its bankruptcy filing.
IPic also attributed its decision to rising rents and labor costs.
The company estimated it owed about $141,000 in taxes and about $2.7 million in total unsecured claims. The company’s assets were valued at about $155.3 million, the majority of which coming from theater equipment and furniture. Its liabilities totaled $113.9 million.
The chain had previously filed for bankruptcy protection in 2019.
Business
Startup Varda Space Industries snags former Mattel plant in El Segundo
In an expansion of its business of processing pharmaceuticals in Earth’s orbit, Varda Space Industries is renting a large El Segundo plant where toy manufacturer Mattel used to design Hot Wheels and Barbie dolls.
The plant in El Segundo’s aerospace corridor will be an extension of Varda Space Industries’ headquarters in a much smaller building on nearby Aviation Boulevard.
Varda will occupy a 205,443-square-foot industrial and office campus at 2031 E. Mariposa Ave., which will give it additional capacity to manufacture spacecraft at scale, the company said.
Originally built in the 1940s as an aircraft facility, the complex has a history as part of aerospace and defense industries that have long shaped the South Bay and is near a host of major defense and space contractors. It is also close to Los Angeles Air Force Base, headquarters to the Space Systems Command.
Workers test AstroForge’s Odin asteroid probe, which was lost in space after launch this year.
(Varda Space Industries)
Varda is one of a new generation of aerospace startups that have flourished in Southern California and the South Bay over the last several years, particularly in El Segundo, often with ties to SpaceX.
Elon Musk’s company, founded in 2002 in El Segundo, has revolutionized the industry with reusable rockets that have radically lowered the cost of lifting payloads into space. Though it has moved its headquarters to Texas, SpaceX retains large-scale operations in Hawthorne.
Varda co-founder and Chief Executive Will Bruey is a former SpaceX avionics engineer, and the company’s spacecraft are launched on SpaceX’s workhorse Falcon 9 rockets from Vandenberg Space Force Base in Santa Barbara County.
Varda makes automated labs that look like cylindrical desktop speakers, which it sends into orbit in capsules and satellite platforms it also builds. There, in microgravity, the miniature labs grow molecular crystals that are purer than those produced in Earth’s gravity for use in pharmaceuticals.
It has contracts with drug companies and also the military, which tests technology at hypersonic speeds as the capsules return to Earth.
Its fifth capsule was launched in November and returned to Earth in late January; its next mission is set in the coming weeks. Varda has more than 10 missions scheduled on Falcon 9s through 2028.
For the last several decades, the Mariposa Avenue property served as the research and development center for Mattel Toys. El Segundo has also long been a center for the toy industry as companies like to set up shop in the shadow of Mattel.
The Mattel facility “has always been an exceptional property with a legacy tied to aerospace innovation, and leasing to Varda Space Industries feels like a natural continuation of that story,” said Michael Woods, a partner at GPI Cos., which owns the property.
“We are proud to support a company that is genuinely pushing the boundaries of what’s possible, and are excited to watch Varda grow and thrive here in El Segundo,” Woods said.
As one of the country’s most active hubs of aerospace and defense innovation, El Segundo has seen its industrial property vacancy fall to 3.4% on demand from space companies, government contractors and technology startups, real estate brokerage CBRE said.
Successful startups often have to leave the neighborhood when they want to expand, real estate broker Bob Haley of CBRE said. The 9-acre Mattel facility was big enough to keep Varda in the city.
Last year, Varda subleased about 55,000 square feet of lab space from alternative protein company Beyond Meat at 888 Douglas St. in El Segundo, which it started moving into in June.
Varda will get the keys to its new building in December and spend four to eight months building production and assembly facilities as it ramps up operations. By the end of next year, it expects to have constructed 10 more spacecraft.
In the future, Varda could consolidate offices there, given its size. Currently, though, the plan is to retain all properties, creating a campus of three buildings within a mile of one another that are served by the company’s transportation services, Chief Operating Officer Jonathan Barr said.
“We already have Varda-branded shuttles running up and down Aviation Boulevard,” he said.
Business
How Iran War Is Threatening Global Oil and Gas Supplies
Ships near the Strait of Hormuz before and after attacks began
Every day, around 80 oil and gas tankers typically pass through the Strait of Hormuz, the narrow waterway off Iran’s southern coast that carries a fifth of the world’s oil and a significant amount of natural gas.
On Monday, just two oil and gas tankers appear to have crossed the strait, according to a New York Times analysis of shipping activity from Kpler, an industry data firm. Since then, one tanker passed through.
“It’s a de facto closure,” said Dan Pickering, chief investment officer of Pickering Energy Partners, a Houston financial services firm. “You’ve got a significant number of vessels on either side of the strait but no one is willing to go through.”
Tankers have been staying away from Hormuz since the U.S.-Israeli attacks on Iran that began on Saturday. A prolonged conflict could ripple broadly across the global economy, threatening the energy supplies of countries halfway around the world and stoking inflation.
International oil prices have climbed 12 percent since the fighting began, trading Tuesday around $81 a barrel, and natural gas prices have surged in Europe and in Asia.
A senior Iranian military official threatened on Monday to “set on fire” any ships traveling through the Strait of Hormuz. Vessels in the region have already come under attack. Several oil and gas facilities have also been struck or affected by nearby shelling, though the damage did not initially appear to be catastrophic.
Where ships and energy facilities have been damaged
A fire broke out Tuesday at a major energy hub in Fujairah, United Arab Emirates, from the falling debris of a downed drone, the authorities said. On Monday, Qatar halted production of liquefied natural gas, or fuel that has been cooled so that it can be transported on ships, after attacks on its facilities.
The sharp reduction in tanker traffic is reducing the supply of oil and gas to world markets, pushing up prices for both commodities. And the longer that ships stay away from the Strait of Hormuz, the less oil and gas get out to the world, which could raise prices even more.
Shipping companies have paused their tankers to protect their crew and cargo, and because insurance companies are charging significantly more to cover vessels in the conflict area.
On Tuesday, President Trump said that “if necessary,” the U.S. Navy would begin escorting tankers through the strait. He also said a U.S. government agency would begin offering “political risk insurance” to shipping lines in the area.
In addition to tankers, other large vessels regularly go through the strait, including car carriers and container ships. In normal conditions, nearly 160 make the trip each day.
Some ships in the region turn off the devices that broadcast their positions, while others transmit false locations — making it hard to give a full picture of the traffic in the strait.
The Shiva is a small oil tanker that has repeatedly faked its location, according to TankerTrackers.com, which tracks global oil shipments. It is suspected of carrying sanctioned Iranian oil, according to Kpler. The Shiva was one of the two tankers that crossed the strait on Monday.
The oil and gas that typically move through the strait come from big producing countries like Saudi Arabia, Iraq, Iran and United Arab Emirates, and are exported around the world.
Where tankers moving through the Strait have traveled
In 2024, more than 80 percent of the oil and gas transported through the Strait of Hormuz went to Asia. China, India, Japan and South Korea were the top importers, according to the U.S. Energy Information Administration.
Countries have energy stockpiles that could last them into the coming months, but a continued shutdown of the strait could damage their economies.
Several big disruptions have roiled supply chains in recent years, but the tanker standstill in the Strait of Hormuz could have an outsize impact.
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