SpaceX is planning to launch the “DOGE-1 Mission to the moon” next year. The commercial rocket company of Elon Musk is now accepting the meme-inspired crypto coin, Dogecoin, as the mode of payment.
Musk came up with his tweet on May 9th, saying, “SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge – 1st crypto in space – 1st meme in space. To the mooooonnn!!”
The Geometric Energy Corporation came up with the announcement of the Dogecoin-funded mission on May 9th, along with a statement that did not disclose the financial value of the mission.
According to the SpaceX Vice President of Commercial Sales, Tom Ochinero, this mission is supposed to demonstrate the applications for cryptocurrency beyond the Earth’s orbit. It will help in setting the foundation for more interplanetary commerce.
Musk in April said on Twitter that SpaceX would put a “literal Dogecoin on the moon.”
On May 9th, Dogecoin lost more than one-third of its price, as Musk called it a “hustle” on a comedy TV show.
The tweets of Musk this year have given this once-obscure digital currency more value. Dogecoin began as a social media joke and is now making a journey to a speculator’s dream.
As per CoinGecko.com, Dogecoin made its jump with more than 800% from the last month. Now, it is performing as the fourth-largest digital currency. It is now dealing with a market capitalization of $73 billion. It has hit a record high on Thursday while going above $0.73.
The Electric carmaker, Tesla Inc., where Musk serves to be the CEO, said in February that it had bought worth $1.5 billion of bitcoins. Very soon, it will start accepting this crypto as one of the forms of payment for buying their electric cars.
It has a large stride towards the mainstream acceptance of Bitcoin. It has helped the bitcoin to soar with a price having a record high of approximately $62000.