MINNEAPOLIS (WCCO) — Are we ready to settle down on the red planet? Plans are going to be announced Tuesday about creating a permanent settlement on Mars.

Elon Musk, the CEO of SpaceX and Tesla Motors, is going to talk about his ideas for establishing a livable, self-sustainable city on Mars within the next 10 years.

One of the ideas is the “Mars Colonial Transporter”, a massive new rocket and spaceship that could deliver 100 people to the Red Planet.