The multi billionaire CEO of Tesla and SpaceX, Elon Musk has announced that his space tech company has officially accepted the meme-inspired cryptocurrency Dogecoin as payment to launch a satellite to the moon next year.
The satellite, named DOGE-1, is being developed by Geometric Energy Corporation and will be launched aboard a SpaceX Falcon 9 rocket in the first quarter of 2022.
The GEC said the satellite “will obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems.”
“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.”
“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,” GEC’s CEO Samuel Reid said in a statement Sunday.
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