Elon Musk’s rocket firm SpaceX will launch the “DOGE-1 Mission to the Moon” in Q1 2022. It can mark the first-ever business Lunar payload paid for solely in “meme coin”(DOGE).
The mission, announced by Canadian Geometric Power Company on Sunday, will see a 40-kilogram dice satellite tv for pc flying to the Moon as payload on one among SpaceX’s Falcon 9 rockets.
“This mission will display the applying of cryptocurrency past Earth orbit and set the inspiration for interplanetary commerce,” SpaceX Vice President of Business Gross sales Tom Ochinero stated in an announcement.
Whereas Geometric Power didn’t specify the precise quantity of Dogecoin concerned within the transaction with SpaceX, the agency’s CEO Samuel Reid stated that “having formally transacted with DOGE for a deal of this magnitude,” the 2 corporations “have solidified DOGE as a unit of account for lunar enterprise within the house sector.”
SpaceX CEO Elon Musk commented on the announcement on Twitter, stating that Dogecoin is changing into the primary crypto and first meme in house.
Earlier this yr, on April Idiot’s Day, Musk tweeted that “SpaceX goes to place a literal dogecoin on the literal moon.” On the time, it was thought of to be one among his many jokes concerning the cryptocurrency.
The announcement comes within the wake of Musk’s look on comedy present Saturday Night time Stay, throughout which he described Dogecoin as “an unstoppable monetary car that is going to take over the world.”
Actually, Musk’s look on SNL presaged a Dogecoin crash, with the cryptocurrency plummeting from its earlier excessive of $0.74 to as little as 0.47.
At the moment, Dogecoin is altering palms within the area of 0.52, up 4.2% within the final 24 hours. Regardless of its worth slipping, nevertheless, Dogecoin has soared by greater than 800% over the past month alone, changing into the fifth-largest cryptocurrency by market cap.
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