Updated

A team of Purdue University students has created a $550 billion plan to colonize the moon as part of a senior design project.

The 1,100-page report outlines plans for a project that the students call Project Artemis. The proposed moon colony would be the first step toward the eventual colonization of Mars.

The moon colony would have three separate outposts where people would live for about four years. The proposed visit would begin in 2024.

Professor James Longuski says the moon outpost would help scientists learn more about the requirements for a one-way trip to Mars, which would be challenged by radiation and low gravity.

The Journal & Courier reports the team presented its report to a crowd of spectators Thursday. NASA administrators in Houston listened by speakerphone.