Elon Musk-owned SpaceX has been paid in Dogecoin for a new mission. In a press conference, reporters asked if, in the future, SpaceX would accept other coins as payment, such as Bitcoin or Dogecoin. The SpaceX C-E-O, Elon Musk, replied: “Yeah, I think so. I mean, Dogecoin is doing good, and it’s a fun coin. And it’s a pretty good one to have, I think.”
For a long time, SpaceX has been interested in cryptocurrency, and it goes without saying that Elon Musk is a huge fan of Dogecoin. Now, the CEO of the rocket company has announced that SpaceX will be getting paid in Dogecoin for a new mission.
If you had said last year that Dogecoin would be acquired by one of the world’s largest private space companies….well, no one would really say it.
It’s only now becoming a reality. SpaceX, Elon Musk’s space exploration and transportation company, is being paid in full in dogecoin for a commercial payload to the moon aboard its Falcon 9 rocket.
SpaceX will launch the Doge-1 satellite to the moon next year. The mission is paid for in contributions. The first crypto-currency in this area. The first meme in space, Musk wrote on Twitter, adding a photo of a Shiba Inu dog to the song To the Moon.
SpaceX launches Doge-1 satellite to the moon next year
– Paid mission in
– 1. Cryptocurrencies in space
– 1. Memes in space
Here’s to mooooonnn!!! https://t.co/xXfjGZVeUW
– Elon Musk (@elonmusk) May 9, 2021
The payload belongs to Geometric Energy Corporation, which yesterday announced plans to partner with SpaceX on a DOGE-1 mission to ship a miniature 40-pound satellite early next year.
By formally entering into an agreement of this magnitude with DOGE, Geometric Energy Corporation and SpaceX have solidified DOGE as the entity responsible for lunar activities in the space sector, said Samuel Reed, CEO of Geometric Energy.
The company added that DOGE has proven to be a fast, reliable and cryptographically secure digital currency that works in environments where traditional banks cannot, and is sophisticated enough to fully fund a commercial mission to the moon.
It was chosen as the computing unit for all lunar operations between SpaceX and Geometric Energy Corporation and sets a precedent for future missions to the moon and Mars, the report adds, and it’s no joke at all.
Dogecoin literally on the literal moon
The move comes months after Musk announced on Twitter that SpaceX would literally land Dojah on the moon.
SpaceX will put a literal Dogecoin on a literal moon.
– Elon Musk (@elonmusk) April 1, 2021
SpaceX, for its part, isn’t kidding either. This mission will demonstrate the use of cryptocurrencies beyond orbit and lay the groundwork for interplanetary commerce, Tom Ochinero, vice president of commercial sales at SpaceX, said in a statement.
This is the first transaction where Doge, a token created as a joke in 2013, is being used for something other than tips and collecting small amounts of money. And it’s a really good deal.
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Frequently Asked Questions
What is Elon Musk saying about Dogecoin?
SpaceX founder Elon Musk has been talking about making a cryptocurrency that could take over the world. In a series of tweets, Musk said he was “considering” creating his own coin to be used for Martian transactions. Musk described the currency as “your own, Mars-based cryptocurrency,” and said the name might be “Marscoin.” Elon Musk, who, among other things, is the CEO of Tesla and SpaceX, made headlines recently by praising crypto currency, and more specifically, Dogecoin. In fact, Musk has been a long time fan of Dogecoin. You might not think that would be the case, but there’s a lot more to this story. The guys who created Dogecoin are known for being a bit of a joke. In fact, the currency started as a joke. But Musk seems to really be getting the joke.
Who accepts Dogecoin as payment?
Dogecoin is a cryptocurrency that is based on the popular “doge” meme. (For those of you who aren’t familiar with the meme, let’s just say that it’s not the most sophisticated form of humor out there.) It was created in December 2013 as a parody of other cryptocurrencies, but it is actually based on Litecoin, a somewhat more legitimate alternative to Bitcoin. Dogecoin started as a joke, but it was surprisingly successful, with a value of more than $60 million in January 2014. It didn’t last long, though: the price fell to just $7 million by May. For many people, the word “cryptocurrency” invokes a mental image of a hoodie-sweatered tech geek sitting in front of a laptop, either in a house or a dark basement. But the impressive growth of cryptocurrencies like Bitcoin and Dogecoin, which have gone from being niche geek hobbies to having a combined market cap of over $10 billion, means that cryptocurrencies have now moved out of the basement and into the streets. (Also, people even save their bitcoins in stuffed animals, which only makes them even more adorable.)
Is Dogecoin Elon Musk?
The CEO of Tesla, Elon Musk, has been getting a lot of attention lately – and not just for his electric cars. Dogecoin, one of the world’s most popular new virtual coins, has been getting a lot of attention lately – and not just for its memes. The coin was created in December 2013, and has a market cap of over $1 billion. Coindesk even reported that exchanges of Dogecoins have doubled in the past month. As of Wednesday morning, a single Dogecoin was worth $0.00076, though it had been worth as much as $0.0020 in January. The president of the internet-famous cryptocurrency Dogecoin, Jackson Palmer, is not a fan of Elon Musk. Palmer doesn’t like the way Musk has been allegedly fundraising for his new project, the jokey Dogecoin-themed cryptocurrency to the tune of $300,000. In a recent interview with The Guardian , Palmer said “It’s really unfortunate, the way Musk is choosing to undermine the name of cryptocurrency.”
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