With a net worth of $2.3 billion, according to the Bloomberg Billionaires Index, Maezawa made a splash in the art world in 2017 when he spent $110.5 million on a single Jean-Michel Basquiat painting at a Sotheby's auction, setting a record for an American artist's work at the time.
The mission will not actually land on the moon, the BBC reported.
SpaceX's moonshot mission is now poised for 2023 - carrying Maezawa and six to eight other artists aboard what could be SpaceX's largest and most powerful spacecraft yet - the Big Falcon Rocket (BFR).
Maezawa didn't immediately say who will be on his guest list for the spaceflight, but in response to a question from a reporter he said he'd consider inviting Musk.
SpaceX has revealed the private passenger who will be going on a tourist trip to the moon.
Yusaku Maezawa announced his plans to make history as the first tourist to ride around the moon on a space-x commercial flight. The DearMoon.Earth project, with Maezawa onboard the BFR, is scheduled to launch in 2023.
During the conference in Hawthorne, Musk refused to divulge the amount Maezawa paid for the mission although he said that the Japanese billionaire would be "paying a very significant amount of money".
Maezawa, the founder of Japan's largest online clothing retailer site Zozotown, would invite six to eight artists to board the trip since he "bought all the seats". "I want to be clear". On his trip, he therefore chose to go with a handful of artists.
"Ever since I was a kid, I have loved the moon". SpaceX had said that it would make the announcement on 17.
Elon Musk's SpaceX mission round the moon carrying paid customers is all sold out. In 2010, it became the first private company to launch a spacecraft into orbit and safely return it to Earth.
The company considered the would-be trip an "important step toward enabling access for everyday people who dream of traveling to space". However, the space firm changed its plans and announced earlier this year that it would be focusing on the development of the BFR.