Spacex, the pioneer private space agency founded by Elon Musk, announced it will launch the DOGE-1 mission to the moon in coordination with Geometric Energy Corporation (GEC). The mission, whose objective will be to deliver a commercial payload to the moon, was paid in full using Dogecoin, the meme coin that has been made popular by Musk himself.
DOGE-1 to The Moon
Spacex, the innovative space exploration company that has been a pioneer in commercial spaceflight and in its plans for a planned trip to Mars, has announced today a new mission called DOGE-1 in partnership with Geometric Energy Corporation, a renewable energy-based firm.
According to a PR statement, the first objective of the mission will be to put a commercial payload on the moon. But whatâ€™s particular about this mission is that it was paid entirely on Dogecoin, the memecoin that has been adopted by several influencers after being popularized by Spacex CEO himself, Elon Musk.
Being the first commercial mission of this kind paid with cryptocurrency, DOGE-1 sets a precedent for payments in this aerospatial age, putting Dogecoin in a really special place amongst other cryptocurrencies. Tom Ochinero, Spacex Vice President of Commercial Sales, stressed that :
The DOGE-1 payload consists of a 40Kg CubeSat that will deliver lunar data with integrated sensors, and banking-based payment solutions would not have been too much of a hassle to pay for the mission. GECâ€™s CEO Samuel Reid touched on this subject and stated that:
Musk Couldnâ€™t Take Dogecoin to the Moon
However, this news contrasts heavily with what Dogecoin experienced yesterday in terms of price action. While most Dogecoin investors were expecting price rises due to the long-expected appearance of Elon Musk (called the Dogefather in social media circles) in Saturday Night Live yesterday, the opposite just happened.
Musk appeared in a news skit as a cryptocurrency expert who failed to explain what Dogecoin, calling it a â€œhustle,â€ while telling it would go to the moon. This didnâ€™t do anything good for prices that stumbled going from $0.65 pre-show to $0.43 after the show, causing panic in social media.
What do you think about this Dogecoin paid space mission? Tell us in the comments section below.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.