Famed American astrophysicist, Neil deGrasse Tyson has said that a space race to reach MARS could once again bring innovation and create several industries of the future.

Tyson said that a militarised space race to Mars could speed up innovation in the field and address the current stagnation in innovation. He said that if the Chinese leaders indicated that the country is planning to build a military bases on Mars, the US will build 'spacecraft and be there in 10 months'.

He said that the impact of such a space race will change the technological focus of advanced economies and fix the current period of low growth and innovation stagnation.Tyson said that it would restart innovation. He pointed out that growing an economy with more science, technology, engineering and maths (STEM) is not simple. The education in such fields is a focus in the United States during recent years.

He pointed out that the people will need special programs to boost STEM skills and the presence of humans in space will change the culture of nations. He works as director of the Hayden Planetarium in New York and is known for his historic demotion of Pluto from planet to "dwarf planet" status