Click to Skip Ad
Closing in...
  1. Best Kitchen Gadgets
    08:33 Deals

    Amazon shoppers are obsessed with this $23 gadget that should be in every kitchen

  2. Prime Day Deals
    07:58 Deals

    Amazon has 10 new early Prime Day deals you need to see to believe

  3. Amazon Gift Card
    07:58 Deals

    $25 in free Amazon credit beats any Prime Day deal – here’s how to get it

  4. Amazon Deals
    10:18 Deals

    Today’s top deals: Free $25 Amazon credit, $4 smart plugs, $15 Echo Auto with free m…

  5. Galaxy Star Projector Amazon
    09:43 Deals

    This awesome $32 gadget went viral on TikTok and now Amazon shoppers are obsessed




SpaceX is literally sending Dogecoin to the moon in upcoming mission

May 11th, 2021 at 4:24 PM
Dogecoin moon mission

The cryptocurrency Dogecoin was created as a joke in 2013, and as of this January, it was worth less than a penny per coin. By the end of the month, it had hit 5 cents, and in May, it reached a new high of 74 cents. This meteoric rise uncoincidentally coincided with Tesla and SpaceX CEO Elon Musk repeatedly talking about the cryptocurrency on his Twitter account, and its value peaked just days before Musk was set to host SNL for the very first time.

By the time the episode was over, dogecoin’s value had tanked, as many owners likely cashed out. The coin’s value is so volatile that it’s hard to predict what will happen next, but it’s clear that the billionaire’s interest has yet to abate, as CNN reports that SpaceX will accept dogecoin as a form of payment for an upcoming mission.

Today's Top Deal AirPods Pro just sold out — now they're back in stock at Amazon's lowest price of 2021! List Price:$249.00 Price:$197.00 You Save:$52.00 (21%) Available from Amazon, BGR may receive a commission Buy Now Available from Amazon BGR may receive a commission

Canada’s Geometric Energy Corporation announced in a press release on Monday that it will launch a commercial lunar payload on one of SpaceX’s Falcon 9 rockets in the first quarter of 2022, and it plans to pay for its spot aboard the rocket entirely with dogecoin. The 88-pound satellite that the company is putting on the rocket will appropriately be called DOGE-1, and once the rocket launches, DOGE-1 “will obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems.”

“This is not a joke,” Geometric Energy Corporation CEO Samuel Reid told CNN of the deal.

The press release from Geometric Energy Corporation goes on to explain the significance of the mission:

Indeed, through this very transaction, DOGE has proven to be a fast, reliable, and cryptographically secure digital currency that operates when traditional banks cannot and is sophisticated enough to finance a commercial Moon mission in full. It has been chosen as the unit of account for all lunar business between SpaceX and Geometric Energy Corporation and sets precedent for future missions to the Moon and Mars.

Dogecoin has been hovering around 50 cents since Musk’s Saturday Night Live appearance, but the fact that it still hasn’t dropped further seems to suggest that plenty of owners have held on to their coins. Dogecoin is still up more than 10,000% compared to last May, and its market cap is sitting around $65 billion.

As CNN notes, Geometric Energy Corporation was founded in 2015, and mainly focuses on intellectual property, manufacturing, and logistics. Its focus has expanded over the years to include energy, space, software, and medicine, which led to the development of four subsidiaries: Geometric Space, GeometricLabs, Geometric Medical, and Geometric Gaming. Geometric Space is the group that will be working with SpaceX on this mission.

In related news, Tesla recently began accepting bitcoin as a form of payment for its cars, and on Tuesday, Elon Musk asked his followers in a tweet if the company should accept dogecoin as well. “Yes” is winning.

Today's Top Deal Prime members save $27 on the super-popular Fire TV Stick 4K Essentials Bundle! List Price:$72.97 Price:$55.97 You Save:$17.00 (23%) Available from Amazon, BGR may receive a commission Buy Now Available from Amazon BGR may receive a commission

Jacob started covering video games and technology in college as a hobby, but it quickly became clear to him that this was what he wanted to do for a living. He currently resides in New York writing for BGR. His previously published work can be found on TechHive, VentureBeat and Game Rant.




Popular News