SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of next year. With Elon Musk’s commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.
Musk announced that his rocket company will now accept Dogecoin as payment in a tweet on Sunday night, calling it the first crypto and the first meme in space. He added that SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of 2022.
Last month on April Fool’s Day, the billionaire and self-proclaimed “Dogefather” tweeted that SpaceX was going to put a “literal Dogecoin on the literal moon.”
Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, with the statement not revealing the financial value of the mission.
“This mission will demonstrate the application of cryptocurrency beyond Earth’s orbit and lay the foundation for interplanetary commerce”. Said Tom Ochinero, vice president of commercial sales for SpaceX, in a statement released by Geometric Energy .
Musk said on Twitter in April that SpaceX was going to put a “literal Dogecoin on the literal moon.”
Dogecoin lost more than a third of its price on Sunday, after Musk called it a “scramble” during his animated spot on the comedy TV show “Saturday Night Live”.
This year’s Musk tweets have turned the once obscure digital currency, which started out as a social media joke, into a speculator’s dream.
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Dogecoin has climbed more than 800% over the past month,. With its total market value surpassing $ 70 billion, according to cryptocurrency data tracker CoinGecko. But the price has fallen since Saturday night, when Musk described the currency as a “rush” while hosting “Saturday Night Live.”
Electric car maker Tesla Inc (TSLA.O), of which Musk is CEO,. Said in February that it had purchased $ 1.5 billion worth of bitcoin and would soon accept it as payment for its electric cars. A big step towards the general acceptance that blew up bitcoin… at a record high of nearly $ 62,000.
