Twenty-four men flew to the moon from 1968 to 1972 and half of them made it to the lunar surface.
The 42 year old announced the news on Twitter saying "I choose to go to the moon".
Speaking to the crowd, Mr Maezawa said the possibility of flying to the Moon was a "lifelong dream". "Please don't say no!"
SpaceX has been talking plans to send tourists around the Moon since early 2017. The billionaire has made a name for himself as an art collector.
"I did not want to have such a fantastic experience by myself", said Mr Maezawa, wearing a blue sports jacket over a white T-shirt with printed with a work by the late painter Jean-Michel Basquiat. That's not a symbolic claim; he actually plans on recruiting up to eight artists who will join him and participate in a project he calls #dearMoon. "What if Picasso had gone to the Moon?"
Now, he's also the first private citizen to go into deep space.
But Musk cautioned that SpaceX may not meet its 2023 timeline for the lunar mission.
It's unclear what kind of training Maezawa will go through before touring the moon.
"When you are pushing the frontier, it is not a sure thing".
"It's not 100 percent certain that we succeed in getting this to flight [by 2023]", Musk said. The Moon-bound spacecraft will consist of two parts: a 191-foot rocket booster and a 157-foot spaceship.
The invited artists will take the trip for free.
"This is going to be risky".
"A lot of people are looking at the moon as a staging ground for these deeper space missions", said Bill Ostrove, aerospace and defense analyst at market research firm Forecast International.
"It will have a material effect on paying for the BFR", Musk stated Monday. It will have front actuator fins and three back wings that will function as its landing pads. The company now has the Falcon and Falcon Heavy rockets.
The first BFR is now being built in a purpose-built warehouse in Florida.
"It's hard to say what the development cost is", he said.
Overnight Sunday, Musk tweeted two artist's renderings of the BFR rocket taking off.
Artist's concept from SpaceX. Musk said when Business Insider asked about the interior design.
During Monday night's announcement, Musk said the whole objective of SpaceX is to "help advance rocket technology to the point where we could potentially become a multi-planet species", and to "extend life beyond Earth and do so as quickly as we can".