DOGE-1 moon mission to launch with SpaceX in early 2022
Dogecoin-funded CubeSat will travel 250,000 miles from Earth to settle into lunar orbit
At the height of his social media campaign to promote Dogecoin (DOGE) in May, Tesla and SpaceX Chief Executive Elon Musk announced the launch of DOGE-1, a plan to fund a satellite launch entirely using the meme-inspired dogecoin cryptocurrency.
The South Africa-born billionaire stated: "SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge – 1st crypto in space – 1st meme in space. To the mooooonnn!!"
Although the cryptocurrency that Musk himself described as “a hustle” has halved in value since the announcement, the project is still set to proceed.
ZenX and Unizen
On Wednesday, decentralised finance incubator ZenX and smart exchange ecosystem Unizen announced their involvement in the construction and launch of DOGE-1, a miniaturised satellite measuring 10x10x10cm.
The CubeSat will deploy via a launch agreement with SpaceX and is scheduled to take place some time in the first quarter of 2022. The satellite will be carried into space on a reusable SpaceX Falcon rocket, although no specific launch date has yet been set.
Unlike the majority of the 1,600-plus CubeSats that have already been launched, DOGE-1 will not travel into low Earth orbit, a ‘mere’ 100 and 1,200 miles above the planet’s surface.
Instead the satellite will travel 250,000 miles from the Earth to settle into lunar orbit.
The firms stated: “NASA’s CAPSTONE was set to be the first cubesat to reach the moon, but it has been delayed a number of times and has a current launch date of late March 2022. This means that DOGE-1 could be the first cubesat in history to reach the moon, marking a significant achievement for global spaceflight.”
As yet there is no sign of any space-related project funded by Shiba Inu, the DOGE-inspired meme cryptocurrency that briefly surpassed its predecessor in terms of market capitalisation at the end of October.
By 10:15 GMT (UTC +0), Dogecoin was trading down by 2.7% at $0.2737, 63% below its all-time high from early May.