A few months ago, Tesla announced that it invested $1.5 billion in Bitcoin and had also revealed that it would start accepting Bitcoin as payment for buying its cars. Now, another Elon Musk-led company is following the suit.

SpaceX will be launching the “DOGE-1 Mission to the Moon” in the first quarter of next year and the company will be accepting cryptocurrency dogecoin as payment, revealed Elon Musk in a tweet.

The development follows a tweet by Elon Musk in April that SpaceX was going to put a “literal Dogecoin on the literal moon”.

Canadian engineering firm Geometric Energy Corporation has partnered with SpaceX to launch its DOGE-1 CubeSat to the Moon in the first quarter of 2022. The mission will launch aboard a Falcon 9 rocket. The 88-pound CubeSat will collect “lunar-spatial intelligence” through a combination of cameras and sensors, says the company.

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

Dogecoin lost more than a third of its price on Sunday after Musk called it a ‘hustle’ during his guest-host spot on the “Saturday Night Live” comedy sketch TV show.

For those who are unaware, the cryptocurrency dogecoin began as a social media joke, and after Musk’s tweets earlier this year, the almost obscure digital currency came back into the market. It has jumped more than 800% over the last month and is now the fourth-largest digital currency, with a market capitalization of $73 billion.

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