Geometric Energy Corporation (GEC), a trailblazer in the burgeoning space industry, has made a significant move by paying SpaceX in Dogecoin (DOGE) to rebook the delayed Doge-1 satellite mission. The payment marks a significant milestone in the crypto space, underscoring the increasing utility of the meme-inspired cryptocurrency.
Increasing Utility of Dogecoin
The rebooking fee, paid entirely in DOGE, signifies the cryptocurrency’s growing relevance in real-world transactions, particularly in the pioneering field of space exploration. The satellite mission, initially planned for a 2022 launch with the Falcon 9 rocket, was postponed due to ongoing work on the satellite’s equipment. This rebooking in DOGE is a first of its kind, making the mission a double first: the first crypto and the first meme in space.
The Delayed Doge-1 Mission
The delay in the mission was attributed to the incomplete development of some critical satellite equipment. Despite the postponement, GEC CEO Samuel Reid remains optimistic about the mission’s prospects. He clarified that the delay was due to technical hurdles and not a lack of commitment or capability. The rebooking puts the Doge-1 satellite on an open manifest basis for a potential mission after the Intuitive Machines IM-1 mission.
Implications for Interplanetary Commerce
This payment, made in Dogecoin, may be a harbinger of a new era in interplanetary commerce. The decision to accept the meme-inspired cryptocurrency could revolutionize the dynamics of financial transactions beyond Earth’s orbit. Anticipation is high within the DOGE community, as the mission is expected to display advertisements while orbiting the moon, bringing a new level of visibility to the cryptocurrency.
Despite the delay, GEC has obtained the necessary approvals from the National Telecommunications and Information Administration (NTIA) and the Federal Communications Commission (FCC). However, Reid did not specify a new launch date, suggesting the launch could occur with the IM-2 mission or another future SpaceX launch, depending on when the satellite is ready and shipped to the United States from the United Kingdom.