Elon Musk’s SpaceX Will Accept Dogecoin As Payment To Launch Lunar Mission Next Year

SpaceX will launch the “DOGE-1 Mission to the Moon” within the first quarter of subsequent yr, with Elon Musk’s business rocket firm accepting the meme-inspired cryptocurrency dogecoin as cost. “SpaceX launching satellite tv for pc Doge-1 to the moon subsequent yr – Mission paid for in Doge – 1st crypto in area – 1st meme in area”, Musk said in a tweet. Geometric Energy Corporation announced the dogecoin-funded mission earlier on Sunday, with the statement not disclosing the mission’s financial value. “This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce”, SpaceX Vice President of Commercial Sales Tom Ochinero was quoted as saying within the assertion launched by Geometric Energy. Musk stated on Twitter in April that SpaceX was going to place a “literal Dogecoin on the literal moon”.

Dogecoin lost 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 present. Musk’s tweets this yr turned the once-obscure digital foreign money, which started as a social media joke, right into a speculator’s dream. On crypto knowledge tracker CoinGecko.com, dogecoin has jumped greater than 800% during the last month and is now the fourth-largest digital foreign money, with a market capitalization of $73 billion. It hit a file excessive Thursday above $0.73 (roughly Rs 55).