In a statement, Elon Musk’s SpaceX said, it will launch the “DOGE-1 Mission to the Moon” in the first quarter of 2022, and accept meme inspired cryptocurrency dogecoin as payment.
“SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge – 1st crypto in space – 1st meme in space”, tweeted Musk.
Earlier on Sunday, Geometric Energy Corporation announced the dogecoin-funded mission although the statement did not disclose the mission’s 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 released by Geometric Energy.
Earlier in April, Musk had tweeted that SpaceX was going to put a “literal Dogecoin on the literal moon”.
Incidentally, Dogecoin lost more than a third of its value on Sunday after Musk called it a ‘hustle’ during his guest-host spot on the “Saturday Night Live” comedy sketch TV show.
Musk’s tweets have turned the once-obscure digital currency Dogecoin, which began as a social media joke, into a speculator’s dream.
The price of the Dogecoin jumped by more than 800% over the last month, according to crypto data tracker CoinGecko.com; it is now the fourth-largest digital currency, with a market capitalization of $73 billion.
Last week on Thursday, it broke its previous ceiling of $0.73.
In February Tesla had said, Musk had bought $1.5 billion worth of bitcoin and would soon accept it as a form of payment for its electric cars, a large stride toward mainstream acceptance that sent bitcoin soaring to a record high of nearly $62,000.