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SpaceX will launch a satellite to the Moon, paid for by Dogecoin


May, 10 2021
watermark Economic news

SpaceX will launch a satellite to the Moon during the mission, which will be paid for with Dogecoin cryptocurrency. This was announced on Twitter by the head of the corporation Elon Musk. He wrote: «Mission paid at Doge. The first cryptocurrency in space, the first meme in space.»


SpaceX Vice President Tom Ochinero noted that the launch of a satellite to the Moon (DOGE-1 mission) «will demonstrate the use of cryptocurrency outside of Earth orbit and lay the foundation for interplanetary trade.»


The satellite itself belongs to the Canadian company Geometric Energy Corporation (GEC) and is a 40-kilogram device equipped with sensors and cameras. Its launch with a Falcon 9 launch vehicle is scheduled for the first quarter of 2022.


Last week, Dogecoin peaked at $ 0.69. Prior to Musk's appearance on Saturday Night Live, the token's value climbed to a record $0.73, but during the airtime it dropped 30%.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.