Mr Musk tweeted: "SpaceX launching satellite DOGE-1 to the Moon next year:
"-Mission paid for in DOGE
"-First crypto space
"-First meme in space
"To the Mooooonnn!"
The mission will be launched on behalf of Geometric Energy Corporation (GEC) and will be paid for entirely in Dogecoin.
The payload will be an 88 pound (40kg) cubesat launched aboard a Falcon 9 rocket, expected to fly in the first quarter of 2022.
Samuel Reid, GEC's CEO, said: "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."
Tom Ochinero, SpaceX's Vice President of Commercial Sales, added: "This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.
"We're excited to launch DOGE-1 to the Moon."
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