A nonprofit organization called the Inspiration Mars Foundation — which is led by millionaire Dennis Tito, the world's first space tourist — will hold a news conference on Feb. 27 to announce the 501-day roundtrip mission, which will aim 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 yesterday (Feb. 20). "It is intended to encourage all Americans to believe again, in doing the hard things that make our nation great, while inspiring youth through Science, Technology, Engineering and Mathematics (STEM) education and motivation."