In a significant development, Samuel Reid, the CEO of Geometric Energy Corporation, has officially announced that SpaceX’s “Doge-1” lunar mission has secured the necessary license from the U.S. Federal Communications Commission (FCC). This follows the earlier approval from the U.S. National Telecommunications and Information Administration, marking a crucial step forward for the innovative space mission.
The DOGE-1 satellite project, initiated by Geometric Energy Corporation in May 2021, is gearing up for launch aboard a SpaceX Falcon 9 rocket. Notably, this venture stands out as the first-ever space mission entirely funded by DOGE tokens, highlighting the increasing integration of cryptocurrency into unconventional domains.
The satellite itself boasts miniature screens designed to display a range of content, including advertisements, images, and logos, all of which will be transmitted back to Earth. Despite facing delays in its timeline, the DOGE-1 mission is now set for liftoff in January 2024.
Elon Musk, SpaceX’s founder, initially revealed the DOGE-1 mission in 2021 as part of a rideshare collaboration involving Intuitive Machines and NASA. However, the project encountered multiple delays, shifting its launch date from the initially targeted 2022 to the now-confirmed schedule for January 2024.
One distinctive feature of the DOGE-1 satellite is its acceptance of DOGE tokens as payment, reflecting the cryptocurrency’s expanding influence beyond traditional financial realms. This mission not only symbolizes innovation in space exploration but also underscores the broader acceptance of cryptocurrencies in various industries.
The DOGE-1 mission is not an isolated instance of dogecoin-related space ventures, as reports suggest another mission is in the pipeline, further indicating the growing interest in leveraging cryptocurrency for space exploration initiatives. The historic launch is now firmly slated for January 2024.
At the time of reporting, Dogecoin, the leading meme-based cryptocurrency, is trading at $0.084875, registering a 4% increase in the last 24 hours, according to Coingecko data. This positive market response reflects the enthusiasm surrounding the upcoming DOGE-1 mission and its unique funding approach.
