By SpaceX’s Doge-1 Lunar Mission Receives Final Approval from US FCC, DOGE Price Up 4%
Last updated: December 1, 2023 02:58 EST
. 1 min read
The CEO of Geometric Energy Corporation, Samuel Reid, confirmed on X that SpaceX’s “Doge-1” lunar mission has received license from the U.S. Federal Communications Commission (FCC).
As reported earlier, the mission had gained approval from the U.S. National Telecommunications and Information Administration and awaited final FCC approval.
DOGE price is up by 4% in the last 24 hrs and 10% in the last seven days.
Geometric Energy Corporation (@GeometricEnergy) was issued an @FCC license today for the DOGE-1 Mission to the Moon! 🚀 🛰 🌙 $XI $GEC pic.twitter.com/GSrbon8cyY
— SΔMUΞL RΞIÐ (e/acc) (@SamuelReidGEC) November 30, 2023
The Venture is Fully Funded by DOGE Tokens
The brainchild of the space technology company Geometric Energy Corporation, the DOGE-1 satellite project was unveiled in May 2021 and is set to be launched aboard a SpaceX Falcon 9 rocket.
This satellite venture marks the first-ever launch fully funded in DOGE tokens.
Miniature screens on the satellite are poised to display a variety of content, including advertisements, images, and logos, which will be transmitted back to Earth.
The announcement comes after a series of delays that have beset the DOGE-1 mission.
Initially revealed by SpaceX founder Elon Musk in 2021 as part of a rideshare collaboration with Intuitive Machines and NASA, the mission faced repeated postponements from its initially targeted 2022 launch to the now-scheduled January 2024 liftoff.
DOGE-Satellite Will Launch in January 2024
The DOGE-1 satellite’s unique feature of accepting DOGE tokens as payment aligns with the cryptocurrency’s growing acceptance in various spheres. This mission is not only a symbol of innovation but also a testament to the expanding influence of cryptocurrencies beyond traditional financial landscapes.
The DOGE-1 mission is not the only dogecoin-related venture in the pipeline. Another mission is reportedly in the works, indicating a growing interest in leveraging cryptocurrency for space exploration initiatives. The historic launch is scheduled for January 2024.
At the time of writing, the leading meme-based cryptocurrency Dogecoin is trading at $0.084875, an increase of 4% in the last 24 hrs, as per Coingecko data.
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