SpaceX powered DOGE-1 to become first lunar satellite funded entirely by cryptocurrency

Toronto, Canada, May 10, 2021: Canadian company Geometric Energy Corporation, will make history next year as it leads a lunar mission in which SpaceX Falcon 9 rocket will launch the satellite, DOGE-1, to the moon, funded entirely by the cryptocurrency Dogecoin. The company made this announcement on Sunday. The satellite is scheduled for launch during the first quarter of 2022.

The satellite DOGE-1 will weigh 88 pounds and will capture -lunar-spatial intelligence through the camera and sensors installed onboard.

But what makes this project unique is that it is the first-ever mission to the moon that is funded entirely by cryptocurrency. According to Geometric Energy Corporation, “The DOGE-1 Mission to the Moon” will be “the first-ever commercial lunar payload in history paid entirely with Dogecoin.” The company has not alluded to the actual cost of the project.

The Vice President of Sales at SpaceX, Tom Ochinero says they are excited about the launch of the DOGE-1 satellite to the moon. He said this project will highlight the importance of and the scope of application of cryptocurrency even beyond the earth’s orbit. He shared his thoughts on how the mission will become a foundation for future interplanetary commerce.

The announcement from Geometric Energy Corporation comes a day after an episode of Saturday Night Live, the live sketch comedy show was hosted by Elon Musk, the founder of SpaceX and the CEO of Tesla. During the show, Musk praised Dogecoin, which was originally created as a joke but was later legitimized because of Musk’s tweets and the sway his name holds over the tech entrepreneurial arena.

A huge proponent of the cryptocurrency model of finance, Musk talked about Dogecoin enthusiastically in the Saturday Night Show as being an “unstoppable vehicle that is going to take over the world.”

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