In an announcement Sunday from Geometric Energy Corporation, the company said its commercial satellite could hit the moon as early as the first quarter of 2022 aboard the SpaceX Falcon 9 launcher. Weighing 40 kilograms – about 88 pounds – the payload is designed to “obtain lunar-space intelligence from on-board sensors and cameras with integrated communication and computing systems.
“Having officially negotiated with DOGE for an agreement of this magnitude, Geometric Energy Corporation and SpaceX have solidified DOGE as the unit of account for lunar activities in the space segment,” said Samuel Reid, CEO of Geometric Energy.
Tom Ochinero, vice president of commercial sales for SpaceX, added:
“This mission will demonstrate the application of cryptocurrency beyond Earth’s orbit and lay the foundation for interplanetary commerce. “
Neither SpaceX nor Geometric Energy have specified how Dogecoin (DOGE) was used to fund the business. The cost may relate in part to the development of the payload or include the funding to send it to the moon.
Previous lunar missions have come at great cost. The Chinese lunar exploration program Chang’e 4, the last vehicle to make a soft landing on the lunar surface in 2019, cost 1.2 billion yuan, or about 172 million dollars at the time, to send a 1200 kg lander with a 140 rover kg on the moon. NASA’s Lunar Atmosphere and Dust Environment Explorer, a satellite launched into orbit around the Moon in 2013, carried a payload of 49.6 kg at a cost of approximately $ 280 million, including research and development – $ 5.6 million per kg, not including launch mass. .
If Geometric Energy’s satellite were to bear the same costs – although SpaceX’s design was probably more efficient eight years later – the company would have had to pay around $ 225.8 million for a payload of 40 kg, or more. of DOGE 388 million at time of publication. This would represent 0.3% of the circulating supply of 129.5 billion DOGE tokens.
SpaceX founder Elon Musk has repeatedly suggests – perhaps jokingly – on Twitter that Dogecoin will be the first cryptocurrency to ‘literally’ reach the moon. Musk’s social media activity has likely been responsible for a number of price spikes for the token, which has risen over 800% in the past 30 days to reach $ 0.55 at the time of the launch. publication.
Cointelegraph has contacted Geometric Energy, but has not received a response at the time of publication.