The 83-year-old astronaut, who joined the late Neil Armstrong for a globally watched and remembered leap on the Moon in 1969 has revealed his plans to have a human colony on the Red Planet by the mid 2030s in his new book.
Having his sight set on the next big step for man: Mars, Aldrin said he wanted to inspire children to be interested in space, 'news.Com.Au' reported.
"We need more kids to be adventurous and curious about what's out there," he said.
Aldrin is also starting a competition that will give Australians the chance to take a once-in-a-lifetime journey into space, the report said.
One Australian will be granted a seat aboard the Lynx spacecraft to be taken more than 100 km into space.
Commenting on how he sees space travel in 50 years time, Aldrin said: "We're already seeing commercial space travel become a reality and I think this will continue to grow and become less expensive as technology improves. I want to eventually see commercial flights that orbit the earth."
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