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SpaceX to launch DOGE-1 Satellite to the Moon in 2022; to be fully funded by Cryptocurrency

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SpaceX to Launch DOGE-1 to the MoonSpaceX is set to launch the ‘DOGE-1’ Satellite to the Moon in 2022. It will accept the cryptocurrency ‘Dogecoin’ as full payment for the mission. It will be the 1st ever commercial lunar payload in history to be paid entirely with a Cryptocurrency.

  • The Satellite is being developed by Geometric Energy Corporation (GEC), a Canada based intellectual property, manufacturing and logistics firm.
  •  It will be launched aboard a SpaceX Falcon9 rocket.

Key Points

i.The cubic satellite weighing 40 kilograms and will obtain ‘lunar-spatial intelligence from sensors and cameras on board with integrated communications and computational systems.

ii.The mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.

iii.Dogecoin is a cryptocurrency invented by Software engineers Billy Markus and Jackson Palmer. It was launched in 2013.

  •  Globally, it is the 4th Largest Digital Currency (1st – Bitcoin).

Recent Related News:

i.On 15th November 2020, SpaceX launched Four Astronauts (3 Americans, 1 Japanese) to the International Space Station on the first full-fledged taxi flight for NASA by a private company. 

About SpaceX

Chief Executive Officer – Elon Musk
Headquarters – California, USA