Doge, the cryptocurrency that started out as a joke is now taking a SpaceX mission to the moon. Geometric Energy Corporation announced that the DOGE-1 Mission to the Moon will be the first-ever commercial lunar payload in history paid entirely with DOGE.
The mission is a collaboration between Geometric Space Corporation (GSC) and SpaceX and will involve the launch of a 40kg cubesat as a rideshare on a SpaceX Falcon 9 lunar payload mission. The launch is expected to take place in early 2022.
Geometric Energy’s Chief Executive Officer Samuel Reid commented on the collaboration between Geometric Energy and SpaceX in a statement:
"Having officially transacted with DOGE for a deal of this magnitude, Geometric Energy Corporation and SpaceX have solidified DOGE as a unit of account for lunar business in the space sector"
SpaceX Vice President of Commercial Sales Tom Ochinero commented on the planned mission:
"This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce. "We're excited to launch DOGE-1 to the Moon!"
What began as little more than an internet meme will now cement itself in history as the first cryptocurrency to fly a payload to the moon. Elon Musk previously hinted at this milestone on April 1st, tweeting “SpaceX is going to put a literal Dogecoin on the literal moon”.
In a surprising turn of events, the April Fools day tweet has been revealed to be founded in truth. The billionaire has admitted previously that he occasionally makes jokes about the cryptocurrency, but that they are ‘just jokes’. Musk is reportedly facing a new enquiry from the SEC over alleged cryptocurrency manipulation following a number of cryptocurrency related tweets. Back in 2018 Musk was landed with a lawsuit from the SEC which saw him having to pay a $20 million fine and step down as Tesla chairman for three years.
With a market cap of over 69 billion, Dogecoin has surpassed all expectations. The Doge 1 mission announcement follows Musk’s appearance on Saturday Night Live, which saw the price of Dogecoin falling to under 50 cents. Nonetheless, Musk’s internet and social presence is often cited as being responsible for the meteoric rise of Dogecoin. And with a planned mission to the moon in the works, the price of DOGE is likely to rise accordingly.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.