Tesla and SpaceX CEO Elon Musk is bringing his ambitious projects to a different level after recently revealing his plans to colonize more planets in the solar system. But who can blame him after several successful attempts to send SpaceX's Falcon rockets into space and back to Earth? His plans are fascinating but his ideas still need the approval of the experts. It is not enough to just have the funds and a few successful launches as there's more to it that still needs to be prepared.

According to the City Metric, Elon Musk and his company SpaceX has begun capitalizing on the diminishing costs of access to space. Imparting the reusable space technology, it's likely that the cost of traveling to space and back to earth will fall by a massive "5 million percent" decrease.

Nevertheless, the amount needed to explore and put things into perspective will still cost billions of dollars.

Feasibility of statistics

Plans are totally different from doing the actual thing. With over million things to consider, one cannot just say "I want to build a new city on Mars," without the necessary funding, support, and guidance. But Elon Musk is a determined man and he believes, with the help of his company SpaceX, they will be able to build a self-sustaining planet beginning with research into making fuel on Mars. "The MOXIE experiment on the NASA 2020 rover will investigate whether we can produce oxygen from atmospheric CO2 on Mars," says the report.

In a SpaceX multimedia presentation headed by Musk, the CEO said, he plans on enabling cargo missions to Mars by 2022 and two years after, some manned missions to the same planet.

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With his confidence apparently at its peak, he added that the company has started building the system and the five-year wait is enough time to fulfill the mission.

Integrity of Elon Musk's space project

Graziella Caprarelli, an associate professor at the University of SA said: "I have been ‘doing’ Mars for about 15 years, and I know that my colleagues of all ages involved in Mars research would carry on regardless – Mars itself is the inspiration." She also lauded Musk's sincerity on the project saying, his apparent dedication to discovering Mars will introduce renewed interest in a much broader topic.

Meanwhile, Elon Musk's Space Rocket Airline will definitely be the "in" thing after claiming that international flights will take less than 1-hour of flying time. "Cost per seat should be about the same as full fare economy in an aircraft. Forgot to mention that," he added on Instagram.