SPACEX will accept Dogecoin as payment for its DOGE-1 mission to the moon.
Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, which SpaceX’s communications team confirmed in an email to reporters.
The mission’s financial value was not disclosed.
SpaceX vice president of commercial sales Tom Ochinero said in a statement that DOGE-1: “will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.”
“We’re excited to launch DOGE-1 to the Moon!” Ochinero said.
Dogecoin dropped in value during the first hour of SNL.
Fans of the joke cryptocurrency had predicted the opposite ahead of the show.
The currency was mentioned several times by Musk, and one by his mom, who said she hoped the crypto was not her gift for Mother's Day.
Dogecoin was quoted as low as $0.47 on crypto exchange Binance, down 28% from levels around $0.65 before the show.
On crypto data tracker CoinGecko.com, dogecoin has jumped more than 800% over the last month and is now the fourth-largest digital currency, with a market capitalisation of $73 billion.
It hit a record high Thursday above $0.73.
It has overtaken more widely used cryptocurrencies such as litecoin and tether.
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