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    PartsTech, a Boston-based car component startup, bags $35 million

    PartsTech, a Boston-based car component startup, bags $35 million

    Gradiant raises $225 million in Series D, enters the unicorn club

    Gradiant raises $225 million in Series D, enters the unicorn club

    Ohmium, a green hydrogen startup closes $250 million Series C

    Ohmium, a green hydrogen startup closes $250 million Series C

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      PartsTech, a Boston-based car component startup, bags $35 million

      PartsTech, a Boston-based car component startup, bags $35 million

      Gradiant raises $225 million in Series D, enters the unicorn club

      Gradiant raises $225 million in Series D, enters the unicorn club

      Ohmium, a green hydrogen startup closes $250 million Series C

      Ohmium, a green hydrogen startup closes $250 million Series C

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      Home Space

      From a ‘meme’ to the Moon: Musk mulls DOGE to sponsor space odyssey to Moon

      USTechTimes Editor by USTechTimes Editor
      May 12, 2021
      Dogecoin

      Dogecoin may become the first crypto to the moon.

      Share on FacebookShare on Twitter

      Elon Musk-run SpaceX is now accepting the new cryptocurrency Dogecoin to launch an upcoming satellite named DOGE-1 to the Moon. The DOGE-1 is a CubeSat to acquire “lunar-spatial intelligence” using onboard cameras and sensors, reports The Verge. Geometric Energy Corporation is developing the satellite, and it will be flown onboard a Falcon 9 rocket in the first quarter of 2022.

      Launch in the first quarter of 2022

      SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of next year, with Elon Musk’s commercial rocket company accepting the meme-inspired cryptocurrency Dogecoin as payment. “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!!,” Musk tweeted on May 9, 2021.

      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!!https://t.co/xXfjGZVeUW

      — Elon Musk (@elonmusk) May 9, 2021

      However, a tweet from Elon Musk saying that his SpaceX company would accept Dogecoin (DOGE-USD) to fund a lunar mission next year failed to spur the price of the cryptocurrency on Monday. Dogecoin, which had been rallying last week as internet users tried to push the coin’s value to $1 (£0.70), was lower on the day, down 1.1% to $0.53.

      The Tesla (TSLA) owner said that the satellite, Doge-1, would be the first-ever crypto in space and the “first meme in space”. Dogecoin lost more than a third of its price on May 9th, after Musk called it a ‘hustle’ during his guest-host spot on the “Saturday Night Live” comedy sketch TV show.

      Elon Musk’s tweets this year turned the once-obscure digital currency, which started as a social media joke or a meme, into a speculator’s dream. 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 capitalization of $73 billion.

      Cryptocurrency out in the space

      In a statement on May 9th, Geometric Energy Corporation also announced about “DOGE-1 Mission to the Moon.” The Canadian company is partnering with SpaceX to send a 40 kg satellite to the moon on a Falcon 9 rocket in the first quarter of 2022.

      “Having officially transacted with DOGE for a deal of this magnitude, Geometric Energy Corporation and SpaceX have solidified DOGE as a unit of account for lunar business in the space sector,” Samuel Reid, Geometric Energy’s chief executive, said in a statement.

      “This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce”, SpaceX Vice President of Commercial Sales Tom Ochinero was quoted as saying in the statement released by Geometric Energy.

      Electric carmaker Tesla Inc., where Musk is CEO, said in February it bought $1.5 billion worth of Bitcoin and would soon accept it as a form of payment for its electric cars, a large stride toward mainstream acceptance that sent Bitcoin soaring to a record high of nearly $62,000.

      Related Posts

      • Jeff Bezos and Elon Musk
        In the new Star trek war, it is Bezos vs. Musk

        The two richest men in the world have started bickering after Elon Musk's SpaceX won…

      Tags: BitcoinDogecoinElon MuskMoonRocketSpaceX
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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