Elon Musk’s commercial rocket firm, SpaceX will launch the DOGE-1 Mission to the Moon in the first quarter of the following year. SpaceX is accepting the meme-based cryptocurrency dogecoin as payment.
The billionaire posted on its Twitter about the news that SpaceX is launching satellite Doge-1 to the Moon next year.
As we have already mentioned, the mission will be called DOGE-1 to the Moon. Geometric Space Corporation will collaborate with SpaceX to launch a 40kg satellite on a Falcon 9 rocket in 2022.
According to SpaceX Vice President of Commercial Sales Tom Ochinero, this mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.
Remarkably, the development is just the latest twist in the saga over the digital token, which started as a joke in 2013. However, it is now the most popular Internet meme and sitting on a 21,000% rally in the past year. Elon Musk has been a key player in the drama, increasing the price with a succession of tweets in the last months.
The billionaire Elon Musk announced on Twitter in April that SpaceX would put a “literal Dogecoin on the literal moon.”
Dogecoin declined by more than a third of its price on Sunday after Musk called it a hustle during his guest-host spot on the Saturday Night Live comedy sketch TV show.
On CoinGecko.com, a meme-inspired dogecoin has skyrocketed by more than 800% over the last month and is now the fourth-largest digital currency. Notably, Dogecoin has a market capitalization of $73 billion. On Thursday, it reached an all-time high of above $0.73.
Electric carmaker Tesla purchased $1.5 billion worth of bitcoin in February and announced that it would soon accept it as a form of payment for its electric cars. Remarkably, a large stride toward mainstream acceptance sent bitcoin rising to a record high of almost $62,000.
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