Even if the dream of colonizing mars is farfetched beyond fixing all of the problems we currently have on earth, it doesn't mean its not worth striving for. Goals like this drive people to do their best work and come up with creative solutions to problems that would otherwise never have been thought of. This is the exact kind of drive we need if we are to even have the chance at becoming interplanetary. Maybe we end up just getting to Mars and setting up an "antarctic" like lab that is occupied by teams for months at a time? That's fine. The innovation that got us even there would have been amazing. Maybe the goal then shifts to self-sustaining interplanetary spacecraft. Humanity isn't done yet, and not shooting for the far reaches of the galaxy is a waste of time that we cannot spare.
Musk Co. isn't just focused on that interplanetary goal. There's a lot that is also being done to make this planet better and prolong its life. These are honorable and not nearly as farfetched goals. Musk's drive to solve these problems is a real inspiration to many and may be our only chance in hell to pass through the Great Filters.