Inspiration Mars Foundation, a nonprofit organisation, led by millionaire Dennis Tito - the world's first space tourist � will hold a news conference next week to announce the mission, for a January 2018 launch.
"This 'Mission for America' will generate new knowledge, experience and momentum for the next great era of space exploration," Inspiration Mars officials wrote in a media advisory.
Some people and media reports speculate that given the speakers' backgrounds and the lofty goals articulated in the media advisory, Inspiration Mars is planning a manned mission to the Red Planet, 'SPACE.Com' reported.
The Journal writes: "According to the paper, existing environmental control and life support system (ECLSS) technologies would allow such a spacecraft to support two people for the mission, although in Spartan condition."
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It added the mission would be privately financed and cheaper than previous estimates for manned Mars efforts, though no overall cost is given.
Tito made history in 2001, plunking down a reported USD 20 million for an eight-day trip to the International Space Station (ISS) aboard a Russian Soyuz spacecraft.