Asked if the "entire thing" is the huge new reusable rocket -- which is rumored to bear the acronymic name MCT, short for Mass Cargo Transport or Mars Colony Transport -- Musk said, "Maybe."
Musk has been thinking about what his colonist-carrying spacecraft would need, whatever it ends up being. He reckons the oxygen concentration inside should be 30 to 40 percent, and he envisions using the spacecraft's liquid water store as a barrier between the Mars pioneers and the sun.
A $500,000 ticket
Musk's $500,000 ticket price for a Mars trip was derived from what he thinks is affordable.
"The ticket price needs to be low enough that most people in advanced countries, in their mid-forties or something like that, could put together enough money to make the trip," he said, comparing the purchase to buying a house in California. [Photos: The First Space Tourists]
He also estimated that of the eight billion humans that will be living on Earth by the time the colony is possible, perhaps one in 100,000 would be prepared to go. That equates to potentially 80,000 migrants.