Wow, so space, very cryptocurrency.
Elon Musk’s SpaceX corporation will send a satellite to the moon next year in a mission funded entirely by Dogecoin, the company said Sunday — hours after Musk called the cryptocurrency a “hustle” in a “Saturday Night Live” skit and sent its price plummeting.
“We’re excited to launch DOGE-1 to the Moon!” SpaceX Vice President of Commercial Sales Tom Ochinero said in statement released by Geometric Energy, which announced the Dogecoin-backed trip on Sunday.
“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.”
Musk previously said on Twitter in April that SpaceX was going to put a “literal Dogecoin on the literal moon.”
SpaceX will take Geometric Energy Corporation’s 88-lbs payload to the moon sometime in early 2022, according to CNBC.
Dogecoin launched in 2013 as a joke, in reference to a popular internet meme featuring a Shiba Inu dog. The cryptocurrency has increased in price by more than 100 percent in the week ahead of Musk’s appearance on SNL.
The celebrity billionaire, whose Tesla company now accepts crypto payments for cars, has been promoting Dogecoin since December. In February, the meme currency once again took off after Musk mentioned it in a series of tweets.
But Musk’s hotly-anticipated turn as SNL host did not send Dogecoin to the moon. Instead, it slid by 21 percent over the course of the broadcast.
Dogecoin started the day at a high of $0.73, and sold off to $0.63 as SNL went live from NBC’s Studio 8H at 11:30 p.m., according to Coindesk’s price history.
After Musk mentioned the currency as a Mother’s Day present for his own mom, who was on hand during his monologue, the asset slid by 6 cents.
“I’m excited for my Mother’s Day gift,” Musk’s mother said. “I just hope it’s not Dogecoin.”
With Post Wires