‘DOGE-1 Mission to the Moon’: Elon Musk’s SpaceX to launch crypto funded satellite to the moon

Rocket company SpaceX will put a literal Dogecoin on the moon.

Elon Musk, the founder, CEO, CTO, and chief designer of SpaceX in a tweet said the commercial space exploration firm will launch the “DOGE-1 Mission to the Moon” early next year. The mission will be funded by the meme-inspired cryptocurrency dogecoin.

The DOGE-1 is a cube sat to acquire “lunar-spatial intelligence” using on-board cameras and sensors. The satellite is being developed by Geometric Energy Corporation and it will be flown on-board a Falcon 9 rocket in the first quarter of 2022.

Although Canada’s Geometric Energy Corporation in the statement did not reveal its financial value.

“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce”, SpaceX Vice President of Commercial Sales Tom Ochinero was quoted as saying in the statement.

Musk’s tweets have soared the digital currency by over 800% over the last month. However, dogecoin lost more than a third of its price on Sunday, after Mr Musk called it a “hustle” while he was hosting the Saturday Night Live comedy sketch television show.

READ: Dogecoin falls nearly 50% after Elon Musk’s appearance on SNL

Tesla, Musk’s other company in February announced that it was accepting cryptocurrency as payment for its vehicles.