Elon Musk to launch SpaceX ‘Doge-1’ mission paid for in dogecoin

Crypto price rebounds upon news that tech billionaire will put the ‘first crypto in space’

Anthony Cuthbertson
Monday 10 May 2021 09:04
Comments
Elon Musk said he would use SpaceX to send dogecoin into space, sharing the meme video ‘To the moon’ by Herr Fuchs on Twitter
Elon Musk said he would use SpaceX to send dogecoin into space, sharing the meme video ‘To the moon’ by Herr Fuchs on Twitter
Leer en Español

Elon Musk has announced that SpaceX will launch a mission next year that will be paid for with the cryptocurrency dogecoin.

The SpaceX boss said the satellite Doge-1 would be the “first crypto in space” and the “first meme in space”.

The announcement, which he made on Twitter late on Sunday, caused the price of dogecoin to immediately surge by more than 30 per cent.

It had previously crashed from an all-time high on Saturday, which it reached after Mr Musk referenced dogecoin during his appearance on Saturday Night Live, describing it as a “hustle”.

Earlier this year, Mr Musk said he would put “a literal dogecoin on the literal moon”, which also caused the price to briefly shoot up.

“Dogecoin, a currency based off the Shiba Inu meme from 2013, is now being used as a currency for space travel,” tweeted crypto portfolio app Blockfolio following the announcement. “That confirms it, we indeed live in a simulation.”

Mr Musk responded to this with laughing face emojis, having previously argued that there is an extremely high probability that we are living in a simulation. “There’s a billion to once chance we’re living in base reality,” he said during a computing conference in 2016.

Mr Musk’s Doge-1 mission is not the first time that someone has promised to fulfill the “to the Moon” mantra adopted by cryptocurrency enthusiasts.

Game and software developer Joe Frusetta plans to send a physical representation of a dogecoin to the moon later this year, in coordination with Google Lunar XPrize winner Astrobotic.

It is also not the first time that Mr Musk has sent something unusual into space, having previously launched his own Tesla car deep into space as a demonstration of SpaceX’s Falcon Heavy rocket.

“Life cannot just be about solving one sad problem after another,” he said at the time.

“There need to be things that inspire you, that make you glad to wake up in the morning and be part of humanity. That is why we did it.”

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in