On Sunday, May 9, the Canadian company Geometric Energy Corporation (GEC) announced an agreement with SpaceX to launch an artificial satellite to the Moon in 2022. The project will be fully funded with Dogecoin cryptocurrency, according to a press release from the GEC.

Companies consider Doge to be a fast, reliable, and cryptographically safe digital currency, and its sophisticated design allows it to fully finance a commercial mission to the Moon, the company said in a statement.

As part of the mission, it is planned to launch the DOGE-1 satellite, a 40-kilogram vehicle. It is expected to take place in the first quarter of 2022. A Falcon 9 rocket will launch the microsatellite into orbit.

SpaceX Showcases Starship Moon Elevator Concept
While Dynetics and Jeff Bezos’ Blue Origin are doing paperwork, SpaceX is already testing Starship in full as part of NASA’s Human Landing System (HLS) program. Elon Musk’s corporation also showed off a concept of a Moon elevator for the Starship.

A press release from the Canadian GSC cites a statement from SpaceX Vice President of Commercial Sales Tom Ochinero, who sees Dogecoin as the foundation for "interplanetary commerce."

Back in early April, Musk wrote that SpaceX was going to literally send Dogecoin to the Moon. But then the entrepreneur did not explain what exactly he meant. After his announcement, the value of the cryptocurrency increased by 30%.

Earlier it was reported that the Dogecoin cryptocurrency, created in 2013 and mentioned in a comic tweet by Elon Musk, became the best investment over the past six months, having experienced a 26 thousand percent increase in the rate.