Dogecoin Used to Pay for Spacex’s Lunar Satellite Mission

Dogecoin reached a new feat of fame after the token was used to pay for a lunar satellite launch.

SpaceX, Elon Musk’s commercial rocket firm, will embark on a Moon voyage in 2022 carrying a cubesat — a mini-satellite used for space research — from Geometric Energy Corp. that’s been paid for entirely in Dogecoin.

The digital token which started as a joke in 2013 is now a dominating Internet meme and sitting on a 21,000% rally in the past year.

Musk has been a key player in the drama, boosting the price with a succession of tweets in recent months.

The DOGE-1 Mission to the Moon is the first commercial lunar payload in history paid for entirely with Dogecoin, according to a statement from Geometric.

The 40-kilogram (88 pounds) cubesat will launch aboard a SpaceX Falcon 9 rocket.

The company did not specify the amount of Dogecoin involved in the transaction with SpaceX.

Geometric’s website describes the firm as a private Canadian company originally founded to invent renewable energy technologies, and which has since expanded into areas like space.

Mark Cuban, Snoop Dogg and Gene Simmons are among the other celebrities who have boosted Dogecoin.

At the same time, warnings abound that its rally is unsustainable and that buyers could lose all their money.

The phrase “to the Moon” is often used to express the hope that an asset’s price will continue to rise, and Musk employed the term in a Twitter post referring to the lunar deal. He also cited the token in a television appearance on Saturday Night Live over the weekend.