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.
Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, with the statement not disclosing the mission's financial value.
"We're excited to launch DOGE-1 to the Moon!", SpaceX Vice President of Commercial Sales Tom Ochinero was quoted as saying in the statement released by Geometric Energy. "This mission will demonstrate the application of cryptocurrency beyond Earthorbit and set the foundation for interplanetary commerce".
SpaceX launching satellite Doge-1 to the moon next year— Elon Musk (@elonmusk) May 9, 2021
– Mission paid for in Doge
– 1st crypto in space
– 1st meme in space
To the mooooonnn!!https://t.co/xXfjGZVeUW
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.
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.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)