Science & Technology

Elon Musk’s SpaceX is literally launching a Dogecoin-funded satellite to the Moon

SpaceX is now accepting Dogecoin, and it’ll be paid completely in the cryptocurrency to launch an upcoming satellite named DOGE-1 to — sure — the Moon.

The DOGE-1 is a cubesat meant to purchase “lunar-spatial intelligence” utilizing onboard cameras and sensors. It’s being by a firm named Geometric Power Company, and it’ll be flown up on a Falcon 9 rocket in the first quarter of 2022.

Dogecoin, a cryptocurrency that started off as a goofy meme and is now a considerably extra beneficial goofy meme, has been on the rise recently, with sufficient buying and selling round spikes in the forex to of the buying and selling app Robinhood. Elon Musk is the coin’s highest profile supporter, tweeting Dogecoin memes, referring to himself as the “Dogefather,” and hyping it up () on Saturday Evening Reside. Buyers like to discuss sending Dogecoin’s worth “to the Moon,” thus, we’re getting this foolish stunt about sending a satellite named DOGE-1 paid to Musk’s firm in Dogecoin to the Moon.

Given all that, SpaceX consists of in the announcement the precise quote one may assume Musk mandated the firm embody: “We’re excited to launch DOGE-1 to the Moon!” stated SpaceX vice chairman of business gross sales Tom Ochinero.

It’s a spot of excellent information for Dogecoin, which has had a robust week. After spiking in value, falling round a Robinhood crash, and spiking once more in anticipation of Musk’s SNL look, the cryptocurrency following a phase by which Musk joked about Dogecoin being a “hustle.”

The announcement appears to be designed to combat again in opposition to that narrative. Ochinero says the partnership units “the basis for interplanetary commerce.” And Geometric Power Company’s CEO says the transaction “solidified DOGE as a unit of account for lunar enterprise in the area sector.” The press launch goes on to say that Dogecoin is “refined sufficient to finance a industrial Moon mission in full” and that it’ll be used for all lunar enterprise between the two corporations. (Musk’s different firm, Tesla, just lately began accepting automobile purchases .)

The Verge has reached out to SpaceX and Geometric Power Company for extra data on the deliberate launch.

So assuming all goes in accordance to plan, Dogecoin will assist ship DOGE-1 to the Moon subsequent yr. Will that additionally ship Dogecoin to the Moon? It in all probability is dependent upon how a lot the events concerned proceed to hype it. As Musk’s SNL character admits, “Yeah, it’s a hustle.”
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