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Dogecoin may have lost some of its value, but is certainly not losing favor when it comes to Elon Musk. Elon Musk-owned space exploration and transport company SpaceX will be paid entirely in Dogecoin for a commercial payload to the moon on its Falcon 9 rocket.
Musk tweeted on Twitter, “SpaceX launching satellite Doge-1 to the moon next year. Mission paid for in Doge. 1st crypto in space. 1st meme in space.” Also attached the “To the Moon” song featuring a Shiba Inu dog.
Geometric Energy Corporation announced yesterday its collaboration with SpaceX on the DOGE-1 Mission. SpaceX will carry its payload of 40 kg miniature satellites early next year.
In a statement, Samuel Reid, Geometric Energy’s Chief Executive Officer said, “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.”
According to the company, DOGE is a fast, reliable, and cryptographically secure digital currency. It can operate where traditional banks cannot and are sophisticated enough to “finance a commercial Moon mission in full.”
Reid further added, Doge has been selected as the unit of account for the lunar business between SpaceX and Geometric Energy Corporation. It sets precedent for future missions to the Moon and Mars. The tone used was pretty serious, so be rest assured they are taking the Doge to space.
According to SpaceX Vice President of Commercial Sales Tom Ochinero in a statement, “This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.” Just goes to show SpaceX is taking the Doge seriously.
This is the first transaction in which Doge, a token founded in 2013 as a joke, will be used for something beyond tipping and raising small amounts of money.