So, Elon Musk is either insane or a superhuman genius. On September 27th, he, the founder and CEO of private spaceflight company, SpaceX, revealed what may just be humanity’s most ambitious plan yet. Musk uncovered his Interplanetary Transport System (ITS) at the International Astronautical Conference in Guadalajara, Mexico with intentions to send a million people to Mars within 50-100 years. Meanwhile, NASA has been busy for decades just trying to send one! Musk hopes to create a self-sustaining Mars colony using his dreamed-up fleet of wildly powerful spacecraft and hopefully advance humanity to an Interplanetary Species. Why? Citing a certain doom that he fails to elaborate on, Musk explains that colonizing Mars will be the only way humans will avoid extinction. Now, I’m all for bypassing extinction, but this is coming from the same guy that claimed we’re all living in “The Matrix.”

However, Elon can’t be all dreams and have no concrete facts. SpaceX is a widely renowned company with countless achievements, and if this project is successful, it could very well be the coolest thing ever. During his presentation at the conference, he showed an animation of what this vehicle should someday look like. Its booster appears to be an enhanced version of SpaceX’s already existing Falcon 9 booster, the main difference being that it will employ 42 mighty Raptor engines which will produce 28,730,000 pounds of thrust at liftoff as opposed to the Falcon’s nine Merlin engines which combined generate 1.7 million pounds of thrust. This booster, connected to the crewed spaceship stacked on top, will stand 400 feet tall, which is even taller than NASA’s famed Saturn V moon rocket. The booster and spaceship will both be created to be reusable which will dramatically cut expenses and resource.

From initial launch, the unnamed rocket will haul 300 tons of cargo and people to Low Earth Orbit (LEO) where it will detach from the spaceship. The ship will stay parked in LEO as the booster returns to Earth and performs a soft landing on the launch pad from which it originally took off. A propellant tanker will then be loaded onto the booster, full of methane-oxygen gas, and make its way back to the ship in LEO. In orbit, the tanker will refuel the spaceship. The reason the ship won’t take off with fuel already loaded is to maximize the payload (amount of cargo that can be carried) in liftoff from Earth. When Mars and Earth are favorably aligned, the ship will take off toward the Red Planet, deploying its solar arrays and reaching the planet in a whopping 80 days. This is extremely impressive considering the trip takes six to nine months with modern technology. As if this wasn’t amazing enough, Musk says that he eventually aims to cut the trip down to a miniscule 30 days. And not only one ship will be making its journey at a time: SpaceX envisions 1,000 ships launching every 26 months.

You may be wondering what a trip on one of these enormous spaceships will be like. Musk has this all thought out as well. He says that in order to entice people to sign up, they’ll have to be promised a good time. He told us that there’ll be “zero-gravity games,” a lecture hall, restaurant, and movie theaters. “It’ll be, like, really fun to go,” Musk said. “You’ll have a great time.” Yeah, you’ll be having a great time until you’re being irradiated by solar radiation and solar flares or live in a constant state of microgravity-induced nausea. Musk quickly pivots from basic survival questions such as these that continue to plague astronauts today by saying that SpaceX is only responsible for making the transportation possible. Other research will have to be conducted by different groups.

Also still unclear is how people will develop a colony and live in it. Musk doesn’t provide a clear-cut answer regarding this either, but he does tell us that people with a wide variety of skill sets would be necessary to create a balanced society, saying we’d need everything “from iron forgeries to pizza joints.” Well then, who’s down for some Martian pizza? The trip wouldn’t be one-way either. Because the spaceship is reusable, it’ll have to go back to Earth. “We need the spaceship back, so it’s coming,” Musk said. “You can jump on board or not.” The fuel that it uses to run can be created by elements on Mars. The reusability concept is designed largely to cut costs, but if you’re looking for a friendly jaunt across the solar system, you’ll be paying some steep prices. But hey, you’ll simply have to ask your father for a small loan of—wait for it—10 billion dollars. However, that’s using today’s technology. Musk hopes through launching satellites, working with NASA, and private sector funding, he’ll be able to lower the cost to $200k per person and ultimately below $100k. He jokes that additional funding could come from Kickstarter, but that’s by far the least crazy claim about his new mission.

Currently, only 5% of SpaceX’s staff is working on the ITS, but in the next two years Musk hopes to devote most of his company’s engineers to the project along with $300 million annually. Good thing, too. I was wondering what to do with that $10 billion that’s been lying around.