In a current growth, logistics agency Geometric Energy Corporation (GEC) has revealed that they paid the rebooking price for the Doge-1 satellite tv for pc in Dogecoin (DOGE). This comes alongside information that the satellite tv for pc gained’t be taking off anytime quickly.
Doge-1 Satellite tv for pc Rebooking Charge Paid In Dogecoin
The CEO of Geometric Vitality, Samuel Reid, confirmed in an X (previously Twitter) publish that they “had” to repay the rebooking price to Elon Musk’s SpaceX in DOGE. This means that his firm had no different alternative however to make use of the meme coin to pay in the event that they nonetheless supposed to maneuver on with the Doge-1 mission.
Whereas it’s unclear why the fee in Dogecoin was obligatory, it was price mentioning that Geometric Vitality made the initial payment (in 2021) to launch the Doge-1 satellite tv for pc in Dogecoin. As such, House X and Elon Musk might need felt it was solely pure the whole deal continues to be financed with the meme coin.
House X, which is owned by the world’s richest man, Elon Musk, might be answerable for launching the Doge-1 satellite tv for pc into the lunar orbit. Opposite to what some may suppose, this mission isn’t sending the Dogecoin token into house. As an alternative, the satellite tv for pc might be used to show commercials to Earth whereas orbiting the moon.
Nevertheless, it has caught the curiosity of the DOGE community, contemplating how the mission has amplified the meme coin’s utility. Such growth can be bullish for the crypto token as soon as the satellite tv for pc is lastly launched.
Doge-1 Launch Delayed
Samuel Reid additionally revealed on a dwell voice chat on Telegram that the Doge-1 mission can be delayed. This was why Geometric Vitality needed to pay the rebooking price within the first place, contemplating that the satellite tv for pc will no longer be launching as a rideshare payload with the Intuitive Machines’ IM-1 mission.
Reid additional acknowledged that the delay was as a result of the truth that some gear for the satellite tv for pc was nonetheless being labored on. As soon as that’s carried out and essential approvals are obtained, the satellite tv for pc is predicted to be shipped to america from the UK.
It’s price mentioning that GEC already got the mandatory approval and license to launch the satellite tv for pc from the Nationwide Telecommunications and Data Administration (NTIA) and the Federal Communications Fee (FCC), respectively.
In the meantime, Reid failed to supply a timeline for when the Doge-1 will now likely launch. He solely acknowledged that the satellite tv for pc is more likely to launch with the IM-2 or one other mission that House X launches. It, nonetheless, is determined by when the Doge-1 is lastly shipped to the US.
Featured picture from CoinGape, chart from Tradingview.com
