Tesla CEO Elon Musk announced last year that his company will launch a Dogecoin (DOGE)-themed space mission. After that, questions arose about the exact date of the event. However, one of the partners stated that the project is still ongoing but delayed. After the events, a small increase in the DOGE price emerged. We have compiled the details for you.
Space adventure of Dogecoin (DOGE)
However, the mission, dubbed “DOGE-1 Mission to the Moon,” is reportedly still on track. The information came as people close to the matter acknowledged that there were delays. Indeed, space reporter Michael Sheetz announced via a post on June 29 that the mission is scheduled for this year. He also stated that the likely date would be December 2022. For those who don’t know, Elon Musk became famous in the market for his unconditional support for Dogecoin. In 2021, Musk said SpaceX will announce a Dogecoin-themed lunar mission in 2022. The mission will be the product of a partnership with Unizen, ZenX Labs, and energy technology firm Geometric Energy Corporation.
Dogecoin space mission delayed
According to Sheetz, Sam Reid, CEO of Geometric Energy Corporation (GEC), confirmed that the mission continues to move forward. But he suggested that the delay was due to dictation by Intuitive Machines. Reid said:
“Confirmed that DOGE-1 appears as a car-share with SpaceX’s Falcon 9. However, Intuitive Machines’ IM-1 lunar lander dictates primary payload and launch timing. Therefore, the project is delayed.”
Musk announced the big news after appearing on Saturday Night Live. Accordingly, he said that Dogecoin will be the first cryptocurrency to be used in space. For the mission, participants can book rooms fully funded by Dogecoin. Initially, the mission was to be performed in the first quarter of 2022. Also, Musk had promised to put Dogecoin on the “real moon”.
Elon Musk continues to support DOGE
The space mission announcement partially contributed to memecoin’s meteoric rise in 2021. However, despite the recent market correction, Musk has received more Dogecoins. Thus, he showed everyone that he continues to support the altcoin. However, Musk’s involvement in DOGE has now resulted in him facing a $258 billion lawsuit. As a result, various question marks came to the minds of investors. cryptocoin.com As we reported, Musk is accused of pumping Dogecoin. The person who filed the lawsuit alleges that the billionaire was involved in a racketeering scheme to support the money.
Following the space mission confirmation, Dogecoin recorded a short-term rally despite the overall crypto market correction. DOGE posted trading gains of over 2% at $0.06 at press time. We will see more clearly what kind of movement will occur in the price of the altcoin in the long run, when the developments about the task are published.
