Geometric Energy Corporation, Canadian manufacturing, and logistics company will send a Dogecoin-funded payload to the moon on one of SpaceX’s first rockets.
Geometric Energy Corporation said in a statement released on Sunday. That its commercial satellite could be launched to the moon as early as the first quarter of 2022 aboard a SpaceX Falcon 9 rocket. The payload, which weighs 40 kilograms (88 pounds) and is designed to obtain lunar-spatial intelligence from sensors. And cameras on-board with integrated communications and computational systems.”
“Having officially transacted with DOGE for a deal of this magnitude. Geometric Energy Corporation and SpaceX have solidified DOGE as a unit of account for lunar business in the space sector,” said Geometric Energy CEO Samuel Reid.
SpaceX’s VP of Commercial Sales, Tom Ochinero, added:
“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.”
Neither SpaceX nor Geometric Energy provides any details on how Dogecoin (DOGE) used to fund the project. The cost could include the cost of developing the payload or the cost of sending it to the moon.
Previous lunar missions
The previous lunar missions have cost a lot of money. Change 4, the last vehicle to perform a soft landing on the lunar surface in 2019, cost 1.2 billion yuan ($172 million at the time) to send a 1,200-kg lander with a 140-kg rover to the moon. The Lunar Atmosphere and Dust Environment Explorer, a NASA satellite launched in 2013 to orbit the moon. Carried a payload mass of 49.6 kg at a cost of roughly $280 million. Including research and development — $5.6 million per kg, excluding the mass at launch.
If Geometric Energy’s satellite had the same costs as SpaceX’s. It would have cost around $225.8 million for a 40 kg payload. Or more than 388 million DOGE at the time of publication. This would equate to 0.3 percent of the 129.5 billion DOGE tokens in circulation.
Moreover, Elon Musk hinted on Twitter — perhaps jokingly. That Dogecoin will be the first cryptocurrency to “literally” reach the moon. Musk’s social media activity is most likely to blame for the token’s price surges. Which have risen more than 800% in the last 30 days to $0.55 at the time of publication.