Home / Tech / News / SpaceX will now accept your dogecoin as payment for its lunar mission: Musk

SpaceX will now accept your dogecoin as payment for its lunar mission: Musk

FILE PHOTO: SpaceX founder and chief engineer Elon Musk reacts at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. FILE PHOTO: SpaceX founder and chief engineer Elon Musk reacts at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020.
FILE PHOTO: SpaceX founder and chief engineer Elon Musk reacts at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. (REUTERS)

SpaceX will launch the "DOGE-1 Mission to the Moon" in the first quarter of next year, with Elon Musk's commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.

SpaceX will launch the "DOGE-1 Mission to the Moon" in the first quarter of next year, with Elon Musk's commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.

"SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge – 1st crypto in space – 1st meme in space", Musk said in a tweet.

Geometric Energy Corporation announced the dogecoin-funded mission earlier on Sunday, with the statement not disclosing the mission's financial value.

Also read: Elon Musk's SNL debut was so popular that many viewers couldn't even tune in

"This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce", SpaceX Vice President of Commercial Sales Tom Ochinero was quoted as saying in the statement released by Geometric Energy.

Musk said on Twitter in April that SpaceX was going to put a "literal Dogecoin on the literal moon".

Dogecoin lost more than a third of its price on Sunday, after Musk called it a 'hustle' during his guest-host spot on the "Saturday Night Live" comedy sketch TV show.

Musk's tweets this year turned the once-obscure digital currency, which began as a social media joke, into a speculator's dream.

Read more: SpaceX to build lunar lander that's going to put the first woman and person of colour on the moon

On crypto data tracker CoinGecko.com, dogecoin has jumped more than 800% over the last month and is now the fourth-largest digital currency, with a market capitalization of $73 billion. It hit a record high Thursday above $0.73.

Electric carmaker Tesla Inc, where Musk is CEO, said in February it bought $1.5 billion worth of bitcoin and would soon accept it as a form of payment for its electric cars, a large stride toward mainstream acceptance that sent bitcoin soaring to a record high of nearly $62,000.

Follow HT Tech for the latest tech news and reviews, also keep up with us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.