BUSINESS

Dogecoin to the ACTUAL moon?

May 11, 2021, 11:59 AM | Updated: 12:00 pm
It's official, Dogecoin is on its way to the actual moon (Illustration, Colby Walker KSL NewsRadio)...
It's official, Dogecoin is on its way to the actual moon (Illustration, Colby Walker KSL NewsRadio)
(Illustration, Colby Walker KSL NewsRadio)

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.

 


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.”
 

“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!

Utah loves Dogecoin, the underdog of cryptocurrency

The Dogefather

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.

 

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.

 


What is Dogecoin? How a joke became hotter than bitcoin

Today’s Top Stories

Business

draper shooting police...
Mark Jones

Party ban becomes permanent for Airbnb

Airbnb announced this week that it is placing permanent ban on disruptive parties. In April, two people died in a shooting at an Airbnb in Draper.
2 days ago
In this undated photo released by Toyota Motor Corp., its bZ4X vehicle is shown during an online pr...
YURI KAGEYAMA AP Business Writer

Toyota recalls electric car for faulty wheel that may detach

The "bz" in the recalled model's name, as well as others in the works, stands for a "beyond zero" series, including sport-utility vehicles of all sizes, pickup trucks and sportscars, according to Toyota.
8 days ago
A model wears a creation as part of the Giorgio Armani men's Spring Summer 2023 collection presente...
COLLEEN BARRY

Gucci unveils ‘HaHaHa’ collaboration with Harry Styles

Gucci has teamed up with Harry Styles for a between-season collection that infuses tailoring with adolescent joy. The collection is titled “HaHaHa.”
12 days ago
A now hiring sign in an Arby's window.; the Utah employment summary for May showed a slight slowing...
Amie Schaeffer

May’s Utah employment report showing signs of inflation impact

The employment rate in Utah remains steady but may be showing signs of inflation's impact, according to the state's May employment summary.
15 days ago
Attic fire in Cowabunga Bay building....
Mark Jones

Cowabunga Bay Water Park set to reopen Thursday after fire last weekend

Following a building fire last weekend, Draper's Cowabunga Bay Water Park is scheduled to reopen to the public on Thursday.
17 days ago
Utah airbnb rentals rising interest rates affecting millennial home buyers...
Dan Bammes

One realtor sees “signs of hope” in Utah housing market

With home listings up and home sales down, one Utah realtor is encouraged about the future of the Utah housing market, leading to what she calls "signs of hope."
18 days ago

Sponsored Articles

Tax Harassment...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
Prescription opioids can be disposed of during National Prescription Take Back Day...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
national heart month...
Intermountain Healthcare

National Heart Month: 5 Lifestyle Changes to Make Today to Keep You Heart Healthy

Heart disease is the leading cause of death for both men and women. One person dies every 36 seconds in the United States from cardiovascular disease
Joseph Smith Memorial Building...
Temple Square

The Joseph Smith Memorial Building is an icon of Salt Lake City | Why hosting an event at this beautiful location will make you a hero this year

Here's why hosting an event at the iconic Joseph Smith Memorial Building in downtown Salt Lake City will make you a hero this year.