Elon Musk has announced plans to take a Dogecoin-funded satellite to the moon with SpaceX. The name of the satellite that will go has also been announced as DOGE-1.
One of the leading companies in the field of civil space aviation is SpaceX. Elon Musk’s company has added Dogecoin, the cryptocurrency Musk loves, to its payment methods. Now one of the new satellites will be paid for entirely with Dogecoin.
The box satellite, which will be funded by Dogecoin, will also be named DOGE-1. The satellite will be sent to the moon, which will make the phrase “going to the Moon” a reality, which refers to the very high rise of cryptocurrencies. It will be used for investigations there.
This box satellite, paid for by a firm called Geometric Energy Corporation, will collect information in lunar orbit using sensors located on it. DOGE-1 will be launched in the first quarter of 2022, loading on a Falcon 9 rocket.
Dogecoin was actually launched as a “joke cryptocurrency” when it first came out, but it has risen significantly over time. With the increase in value in recent months, Dogecoin has become a more valuable prank money. Even the movements of this cryptocurrency caused trading applications such as Robinhood to crash.
The fact that DOGE-1 is going to the Moon could be good news for Dogecoin users. Because in the recent period, Dogecoin first rose rapidly, and then fell to the bottom with the collapse of Robinhood. Then, after it was learned that Musk was going to appear on SNL, the price of the Doge increased along with expectations. Musk’s recent statements have turned the direction of cryptocurrency down again.
According to executives at SpaceX and Geometric Energy Corporation, Dogecoin is a cryptocurrency sophisticated enough to carry out a lunar mission between the two firms. Let’s remind you that Musk’s other firm, Tesla, also accepts payments in Bitcoin.