Elon Musk’s famous SpaceX plans to launch its ‘DOGE-1 Mission to the Moon’ by the first quarter of 2022. And the well-known company will establish Dogecoin payment options for its lunar payload.
Geometric Energy Corporation made an official announcement regarding the issue on Sunday. Also, SpaceX’s communication team confirmed the reports through validated emails.
As it looks, SpaceX holds a mission to the space funded by crypto assets only. Many experts have predicted a distinctive change of approach with the decision. Of course, it’s going to make history for crypto investors/traders to think of further promotion.
Nonetheless, tech-boss Elon Musk already revealed a slight hint on the plan using his Twitter account. He mentioned SpaceX to put a literal Dogecoin on the literal moon on April Fool’s day.
The project concerns a 40-kilogram cube satellite for payload on a Falcon 9 rocket to obtain its purposes. However, the approximate valuation of the DOGE-funded mission is yet to get disclosed.
Again, the day coincides with a new astounding record by Falcon 9 series rockets. It launched the rocket booster for the 10th time to ensure multiple flights without refurbishment.
Geometric Energy Corporation described the payload objective to gather lunar spatial intelligence. The assembly will feature high-resolution cameras with onboard sensors to utilize the integrated computerized system.
Tom Ochinero, vice president of SpaceX’s commercial sales, made an optimistic statement on the plan. He denotes DOGE-1 to demonstrate the viable applications of crypto assets beyond Earth orbit.
Almost everyone from SpaceX seems pretty excited to launch DOGE-1 to the moon. It should set the early foundation of interplanetary commerce – he expects from the project.
The confirmation comes right after Elon Musk’s debut as SNL’s (Saturday Night Live) host. However, the self-proclaimed ‘Dogefather’ referred to DOGE as a hustle. And it triggered a massive downfall in its market value. Despite his reference, the valuation plunged beyond the $0.50 mark within hours.
But the Musk-fueled crypto already started to build an upward spike from Sunday. It’s yet to inspect any boost in Dogecoin’s market value with the coincided announcement.