Elon Musk says he's going to put Dogecoin on 'the literal moon'

Image for Elon Musk says he's going to put Dogecoin on 'the literal moon'
(Image credit: Yuriko Nakao/Getty Images)

It might be April Fools' Day (opens in new tab) for a few more hours, but this is no joke. 

SpaceX CEO Elon Musk (opens in new tab) tweeted on Thursday (April 1) he would put "a literal Dogecoin" (pronounced "dohj coin") on the "literal moon."

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Although some questioned whether Musk was joking in light of it being April Fools' Day and his reputation for making off-the-cuff remarks, others, including CNBC space reporter Michael Sheetz, suggested Musk could very well be telling the truth. 

"I know it's April Fool's but I don’t for a second question that he means this," Sheetz tweeted (opens in new tab), to which Musk replied: "After all, SpaceX's first payload to orbit & back was a wheel of cheese." (SpaceX did in fact deliver a wheel of cheese to orbit (opens in new tab) in 2010, during a test flight of its Dragon cargo spaceship.)

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The self-proclaimed "techno-king of Tesla," Musk, 49, is an ardent supporter of cryptocurrencies, including Dogecoin and bitcoin. In February, Tesla announced (opens in new tab) that it had purchased $1.5 billion worth of bitcoin. One month later, Musk said Tesla would accept it as payment for its vehicles. 

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SpaceX (opens in new tab) has not yet made a similar announcement.

Musk also famously launched his own cherry-red Tesla Roadster into space with the first test flight of SpaceX's Falcon Heavy rocket, in February 2018. The Roadster has since passed by Mars (opens in new tab) and is still orbiting the sun.

Related: SpaceX founder Elon Musk is now the richest person in the world (opens in new tab)

Dogecoin, which originally started as a joke, was created in 2013 by software engineers Billy Markus and Jackson Palmer. The cryptocurrency, which uses a Shiba Inu as a mascot, is "an open source peer-to-peer digital currency, favored by Shiba Inus worldwide," a description on Dogecoin.com (opens in new tab) states.

The cryptocurrency can be obtained in several different ways: purchased, traded on an exchange or "mined." 

This is not the first time Musk has mentioned Dogecoin's presence on the moon. In February, Musk tweeted a meme of a Shiba Inu in a spacesuit on the moon (opens in new tab) holding a Dogecoin flag.

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The price of Dogecoin (opens in new tab) skyrocketed following Musk's tweet, as its value rose nearly 30% to $0.70 just minutes after Musk's proclamation. 

It's unclear if Musk was serious about sending Dogecoin to the moon, but the company could potentially make that happen, given its lunar exploration plans.

In August 2020, Space.com reported that SpaceX's Starship spacecraft could reach the lunar surface (opens in new tab) with NASA payloads as soon as 2022. And in February, NASA said it would use SpaceX to provide launch services for parts of its ongoing Gateway (opens in new tab) project, an upcoming outpost that orbits around the moon. 

As Business Insider (opens in new tab) notes, the physical coins are sold as memorabilia but do not function as currency.

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