It could be the first meme in space. SpaceX founder Elon Musk said plans are underway for Doge-1 to become the first Dogecoin-funded space mission in history, with their eye on the moon.
On Sunday, Musk tweeted his company will now accept Dogecoin as payment and announced the “DOGE-1 Mission to the Moon” would launch in the first quarter of 2022.
This means the self titled ‘Dogefather’ will live up to his promise made on April Fools to send a literal dogecoin to the actual moon.
SpaceX is going to put a literal Dogecoin on the literal moon
— Elon Musk (@elonmusk) April 1, 2021
Dogecoin to the moon!
The mission is being funded by the Geometric Energy Corporation where they’ll be launching a 40kg “cubesat” as part of the payload of a scheduled Falcon 9 lunar payload mission.
Their satellite will, “Obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems.”
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
“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,” said Geometric Energy’s Chief Executive Officer Samuel Reid.
“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce,” said SpaceX Vice President of Commercial Sales Tom Ochinero. “We’re excited to launch DOGE-1 to the Moon!”
So it looks like the meme currency will actually make it all the way to the moon!
Musk has been one of dogecoin’s biggest and most high-profile supporters in recent months.
Making an appearance on NBC’s Saturday Night Live, Musk started his monologue with a guest appearance from his mother Maye where she dropped the first joke about the meme coin.
“I’m excited for my Mother’s Day gift. I just hope it’s not dogecoin,” she joked.
“It is,” her son said.
— Elon Musk (@elonmusk) May 11, 2021
Supporters hoped that Musk’s appearance would bolster the coin’s value up towards their goal of $1, but it never reached that mark.
At the beginning of the show, the price of Dogecoin spiked to near 73 cents, but then quickly fell to around 43 cents. That sort of movement though isn’t unheard of in the volatile world of crypto trading though. Over the course of the last year, Dogecoin’s value has jumped a mind-blowing 20,339%.
Currently, it appears its value is hovering around 50 cents.