Elon Musk has more than dipped his toes in the cryptocurrency pool and now he’s expanding the idea to space.
Musk’s SpaceX is accepting Dogecoin for compensation in an upcoming launch plan that would send a satellite to the moon in 2022. The company funding the mission, Geometric Energy Corporation, plans to launch an 88-pound satellite on SpaceX’s Falcon 9 rocket.
And it’s paying in Dogecoin.
“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.
Also Sunday, SpaceX set a record for its Falcon 9s, landing its booster (in a controlled manner, China should take note) for the 10th time. It was the company’s 14th launch this year.
In a tweet on Sunday night, Musk was at his promotional best, defining the upcoming Dogecoin event as having the first crypto and first meme in space.
“SpaceX launching satellite Doge-1 to the moon next year– Mission paid for in Doge– 1st crypto in space– 1st meme in spaceTo the mooooonnn!!”
A month ago — April Fool’s Day to be exact – Musk tipped his hand a little, tweeting that SpaceX would put a “literal Dogecoin on the literal moon.”
In addition to the very important execution of putting a Dogecoin on the moon, GEC said its payload “will obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems.”
SpaceX, clearly, is all-in on crypto.
“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce,” SpaceX VP of Commercial Sales Tom Ochinero said.
Musk’s Tesla bought $1.5 billion in Bitcoin and announced it would use it for transactions.