"Their masterpieces will inspire all the dreamers that are asleep in us", he said. I thought long and hard about how to be able to become the first private passenger to go to the Moon.
Speaking to the crowd, Mr Maezawa said the possibility of flying to the Moon was a "lifelong dream".
"Ever since I was a kid I have loved the moon", Maezawa said.
According to Musk, the spaceship could shuttle about 100 passengers to the red planet.
Elon Musk's company SpaceX unveiled its plans to send the first private passenger around the moon.
Musk outlined a somewhat different SpaceX lunar mission previous year. Had SpaceX followed through with that plan, it could have returned humans to the moon near the 50th anniversary of NASA's historic Apollo 8 mission around the moon in December 1968. As such, reports Forbes, SpaceX has announced that he will be the first paying passenger on its BFR spacecraft destined for a trip around the moon.
Maezawa will take the journey on SpaceX's upcoming Big Falcon Rocket as early as 2023.
"The artists that fly on the "#dearMoon" mission will be asked to create works of art after the mission inspired by the flight. Now, if all goes as planned, Maezawa and his artist friends will by carried on their lunar journey by BFR.
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The BFR is SpaceX's upcoming two-stage reusable spaceship system that will weigh 9.7 million pounds and be capable of taking a 330,000 pound payload to Mars and lower-Earth orbit (LEO), officials say.
Astronauts last visited the moon during NASA's Apollo program.
Maezawa said at SpaceX's headquarters in California that he will invite six to eight world-renowned artists to join him on the weeklong flight orbiting the moon.
"He has chosen us", said the mercurial founder of SpaceX, also boss of the auto manufacturer Tesla, whose Stock price has experienced ups and downs recently because of his antics.
The unmarried father of three will be making his lunar voyage inside a "BFR launch vehicle" - described by SpaceX as "the most powerful rocket in history, capable of carrying humans to the Moon, Mars, and beyond".
Russian and Chinese companies are also working on space tourism plans.
"It will have a material effect on paying for the cost of the development of BFR", Musk said of the mission's price.
Musk's successes have recently been overshadowed by his behavior and the struggles of his Tesla electric vehicle company to deliver.