Elon Musk’s private space exploration company, SpaceX, announced that it will be launching DOGE-1, a small cat litter box-sized capsule containing a single Dogecoin coin, to the moon in late 2018. The DOGE-1 mission is SpaceX’s first commercial space flight and is sponsored by the Dogecoin Foundation. The Foundation hopes to launch the DOGE-1 mission on SpaceX’s new Falcon Heavy rocket, which is slated to make its maiden launch later this year.
The Spacex Company has announced plans to launch a mission around the moon, which will be paid for by the Dogecoin cryptocurrency. The mission, which has been named DOGE-1, is set to launch within the next 12 months and will be a private initiative, with no government funding or support. The mission will use the Falcon Heavy rocket, which is the most powerful operational rocket in the world, and will take the form of a 3-person crew that will be in orbit around the moon for approximately a week. The mission will be a major step towards the company’s ultimate goal of developing a “self sustaining city on Mars” in the coming decades. The company made the announcement during a press conference
Spacex, the pioneering private space agency founded by Elon Musk, has announced the launch of the DOGE-1 mission to the moon in partnership with Geometric Energy Corporation (GEC). The mission, which aims to take commercial payloads to the moon, was paid for entirely with Dogecoin, a meme currency made popular by Musk himself.
DOGE-1 to the moon
Spacex, an innovative commercial spaceflight company with plans to travel to Mars, today announced a new mission called DOGE-1 in partnership with Geometric Energy Corporation, a renewable energy company.
According to PR, the first goal of the mission will be to place a commercial payload on the moon. But what makes this mission special is that it was paid entirely in Dogecoin, a memcoin that was embraced by several influencers after being made popular by Spacex CEO Elon Musk himself.
As the first commercial mission of its kind to be paid for with cryptocurrency, DOGE-1 sets a precedent for payments in this space age, giving Dogecoin a truly special place among other cryptocurrencies. Tom Ochinero, Spacex’s vice president of commercial sales, noted that:
This mission will demonstrate the use of cryptocurrencies outside of orbit and lay the groundwork for interplanetary commerce. We look forward to the launch of DOGE-1 on the moon!
The DOGE-1 payload consists of a 40-kilogram CubeSat that will deliver lunar data using embedded sensors, and payment for the mission by banks would not be a problem. Samuel Reid, CEO of GEC, addressed this issue and stated:
By formally entering into a transaction of this magnitude with DOGE, Geometric Energy Corporation and Spacex have recognized DOGE as the billing authority for lunar transactions in the space sector.
Musk failed to put Dogecoin on the moon
However, this news is in stark contrast to what Dogecoin experienced yesterday in terms of price action. While most dogecoin investors were expecting a price hike due to Elon Musk’s (known as Dogefather in social media circles) highly anticipated appearance on Saturday Night Live yesterday, the opposite happened.
Musk has been in the news as a crypto currency expert who can’t explain what Dogecoin is. He called it a booty while saying he was going to the moon. This was not good for prices, which plummeted from $0.65 before the show to $0.43 after the show, causing panic on social media.
How about this space mission paid for in Dogecoin? Tell us what you think in the comments section below.
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Frequently Asked Questions
Is SpaceX accepting Dogecoin?
The SpaceX company, which is a fully private business, has made it clear that they are not accepting Dogecoin (doge) as a payment method to buy a flight with them. The news broke on r/dogecoin, a subreddit dedicated to the cryptocurrency. They but they are hoping that by posting it to their blog, they might get some traction and actually get them to accept dogecoin. It seems that SpaceX is one of the last businesses that does not accept dogecoin, since they announced they are accepting bitcoin. After the recent explosion of the SpaceX Falcon 9 rocket, Dogecoin made a huge comeback, with the price of the cryptocurrency climbing to over $0.00100. Even though the launch failed, SpaceX is still preparing for future flights, and they do have a few successful launches under their belt as well. In fact, the Falcon 9 rocket is the first rocket to be fully and successfully reusable, which is a major milestone for space travel.
What is Elon Musk saying about Dogecoin?
Of course, once you have the right information, you can make responsible choices. For example, you might decide you want your cryptocurrency holdings spread across multiple cryptocurrencies. Or you might decide to invest in a cryptocurrency exchange. No matter what you choose, the most important thing you can do is to educate yourself. In a recent interview, Elon Musk was asked about Dogecoin, a cryptocurrency that is based on the Doge internet meme. He said, “Bitcoin is great, but it’s not very well designed. It doesn’t have a mechanism for adjusting the mining difficulty. The Dogecoin, on the other hand, has a rapidly adjusting difficulty.” The Dogecoin community was thrilled to hear that the leader of Tesla and SpaceX thinks so highly of their favorite cryptocurrency.
When did Elon Musk tweet Doge?
Elon Musk has once again made the news, this time by tweeting a link to a website that contained a story about Dogecoin. The website contained a story that claimed that the creator of Dogecoin, Jackson Palmer, had been bribed by Musk to shill the cryptocurrency. The news quickly erupted in a storm of controversy, with people on both sides of the argument weighing in on whether or not Musk was trying to pump up the value of Dogecoin or if he was genuinely being paid off. In a rare display of humor, Elon Musk replied to a tweet with the message “doge” in it. That happened yesterday, as you know, and it’s fair to assume that most of you did a double take when you saw the story on the news. But did you know that the tweet that was replied to by Mr. Musk was actually a tweet by Justin Sun, the founder of Tron, and it was meant to be a reference to dogecoin?
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