Japanese billionaire Yusaku Maezawa has canceled his star-studded trip to the moon aboard a rocket designed by Elon Musk's company, SpaceX.

Maezawa, the founder of online retailer Zozotown, first announced the project in 2018 and described it as "the world's first civilian circumlunar voyage aboard SpaceX's space vehicle, Starship."

SpaceX and dearMoon made plans to take flight by the end of 2023.

"Unfortunately, however, launch within 2023 became unfeasible, and without clear schedule certainty in the near-term, it is with a heavy heart that Maezawa made the unavoidable decision to cancel the project," the statement read.

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