SpaceX to launch satellite to moon paid for in Dogecoin

SpaceX will launch an unusual mission to the moon, the first mission paid entirely with Doge cryptocurrency.

Canada’s Geometric Energy Corporation (GEC) mission will see the launch of a 40-kilogram cubeat on a Falcon 9 rocket to the moon in the first quarter of 2022.

The little spaceship “Will obtain lunar-space intelligence from on-board sensors and cameras with integrated communication and computing systems”, according to a press release.

“Having officially negotiated with Doge for a deal of this magnitude, Geometric Energy Corporation and SpaceX have solidified Doge as the unit of account for lunar activities in the space segment.”Geometric Energy CEO Samuel Reid said in the statement.

The company added that “DOGE has proven to be a fast, reliable and cryptographically secure digital currency that works when traditional banks cannot and is sophisticated enough to fund an entire Moon trade mission.”

SpaceX CEO Elon Musk confirmed the news on Twitter.

“SpaceX launches Doge-1 satellite to the moon next year”, did he declare.

Dogecoin was founded in 2013 by software engineers Billy Markus and Jackson Palmer, initially as a joke targeting cryptocurrencies like bitcoin.

The name “doge” comes from the internet meme of the same name, which consists of a Shiba Inu dog and text.

However, in 2021, the price of dogecoin has skyrocketed by around 26,000%, from a valuation of $ 0.005 in January to $ 0.7 per dogecoin.

Its total valuation is now estimated at $ 92 billion.

Much of this increase is due to Musk himself, who frequently tweeted about dogecoin, dramatically increasing its valuation.