SpaceX to launch Doge-1 satellite to the Moon; mission paid for in Dogecoin

Elon Musk said that in 2022 SpaceX will launch the Doge-1 satellite to the Moon. According to him, the mission is fully paid for with the meme cryptocurrency Dogecoin.

SpaceX launching satellite Doge-1 to the moon next year

– Mission paid for in Doge
– 1st crypto in space
– 1st meme in space

To the mooooonnn!!https://t.co/xXfjGZVeUW

— Elon Musk (@elonmusk) May 9, 2021

Musk also attached a humorous video in which, among others, Dogecoin is supported by Russian President Vladimir Putin and former U.S. President Barack Obama.

“The first cryptocurrency in space. The first meme in space. To the mooooonnn!!”, wrote SpaceX’s chief.

The Canadian Geometric Energy Corporation plans to launch the satellite with a Falcon 9 rocket in Q1 2022. Doge-1 will collect data about the Moon.

Geometric Energy Corporation proudly announces the DOGE-1 Mission to the Moon — the first-ever commercial lunar payload in history paid entirely with DOGE — will launch aboard a SpaceX Falcon 9 rocket.https://t.co/V43VFLD6sp

— Geometric Energy Corporation (GEC) (@GeometricEnergy) May 9, 2021

On May 8, Musk appeared as host of the comedy show Saturday Night Live. At the end of his appearance, he invited his mother, Maye Musk, on stage for Mother’s Day and joked that her gift would be Dogecoin.

Monologue! 💫 @elonmusk pic.twitter.com/xeH1EOU79A

— Saturday Night Live — SNL (@nbcsnl) May 9, 2021

Musk, playing the role of a “typical” financial expert Lloyd Ostertag, asked to be called the “dogefather” and explained more about the meme cryptocurrency.

Lloyd Ostertag stopped by the desk to talk cryptocurrency. pic.twitter.com/cuILxOBJlj

— Saturday Night Live — SNL (@nbcsnl) May 9, 2021

Dogecoin price fell 25% to below $0.50. At the time of writing, the digital asset traded at around $0.53. The cryptocurrency’s market capitalization stood at $69 billion, according to CoinGecko.

On the eve of Saturday Night Live’s appearance with Musk, Barry Silbert, founder of Digital Currency Group, announced opening a short position on Dogecoin and pledged to donate the proceeds to financial education.

Any money we make on this we’re going to donate to financial education and bitcoin-related causes https://t.co/zNDCH3jPwD

— Barry Silbert (@BarrySilbert) May 8, 2021

Silbert also pledged to donate $1 million to charity if Dogecoin reaches $1 by May 31.

And to make it interesting, if $DOGE hits $1 by May 31st, we’ll donate $1 million to a charitable cause selected by the Dogecoin community https://t.co/Cm34dbB2XF

— Barry Silbert (@BarrySilbert) May 8, 2021

forecasted the rise in the price of Dogecoin to $1. In his words, the meme cryptocurrency is better suited than Bitcoin as a means of payment, because it makes it easier to conduct transactions.

added support for Dogecoin.

Read ForkLog’s bitcoin news in our Telegram — news on cryptocurrencies, rates and analysis.