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DOGE-1's Interstellar Journey
THIS Is Why The Moon Has Never Been Nearer...
A unique aspect of Dogecoin’s brand is that it’s the interstellar cryptocurrency: something about Doge and outer space just naturally go together.
The past week saw several SpaceX-related developments, many of them touching on Doge, including an update on the DOGE-1 satellite.
Let’s take a look at the latest progress on Dogecoin’s journey to the moon.
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The DOGE-1 lunar satellite is scheduled to launch between November 15th and 20th.
The mission is a collaboration between SpaceX (rocket), Geometric Energy Corps (satellite), and Intuitive Machines (operations).
Intuitive Machines is partnering with NASA for a moon mission called IM-1. It will be the first time the US delivers a payload to the moon since Apollo-17 in 1972. Much of the mission will be live-streamed.
The same Falcon 9 rocket used for IM-1 will carry DOGE-1 from Kennedy Space Center, FL as part of a ride-sharing agreement.
DOGE-1 is a small cube-shaped satellite. It will orbit the moon and collect lunar-spatial data.
Elon confirmed the mission dates by liking a post with a press release from Intuitive Machines.
The DogeArmy has been waiting eagerly for DOGE-1 for over two years.
Hype for DOGE-1 has been building since the day after Elon’s “Dogefather” SNL appearance in 2021, when he announced the moon mission would take place in 2022.
Last June, Reid, whose company is making the satellite, revealed to an interviewer that he tried to pay for the mission in Bitcoin, but Elon would only accept Doge.
In January of this year, Reid updated his profile to say that he expected DOGE-1 to launch between July and September.
A few months later, he clarified that DOGE-1 would launch in tandem with Intuitive Machines’ IM-1 mission.
In July, Reid said that NASA had signed a letter to the FCC accepting all conditions for the mission, kindling new hope that DOGE-1 wasn’t far off.
Now, finally, there is a concrete date for the mission.
The satellite will display advertising that can be purchased using GEC’s own cryptocurrency, called the $XI token.
Reid has said the name “DOGE-1” implies there will be a DOGE-2 in the future.
While DOGE-1 will make waves in the crypto world, its launch date wasn’t the only big SpaceX happening this past week.
On Wednesday, news broke that the company was targeting August 31st for its second orbital test flight of Starship.
Starship’s first full launch took place on April 20th this year. The 5000-ton rocket flew for four minutes before self-destructing over the Gulf of Mexico.
The coming test flight will look to separate the ship from its booster, the stage where the previous flight ran into trouble.
This time, Starship plans to use a method called “hot-staging” which allows the ship’s engines to ignite while the booster is still throttled, allowing the ship to pull away from the booster without slowing down.
The day after the Starship announcement, the Wall Street Journal reported that SpaceX "wrote down the value of Bitcoin it owns by a total of $373 million last year and in 2021 and has sold the cryptocurrency."
Some large 𝕏 accounts interpreted the article to mean that SpaceX had sold all its Bitcoin. The news coincided with a sell-off in the crypto market which saw Bitcoin’s price drop $2500 in a few hours.
WSJ’s SpaceX report was never confirmed, nor did Elon address it. As of now, it’s a mystery how much Bitcoin SpaceX holds.
Either way, no one is disputing that SpaceX still holds all of the Dogecoin it received from the DOGE-1 mission.
The Bitcoin report overshadowed more consequential news: SpaceX recorded its first-ever profitable quarter, netting $55M on $1.5B in revenue.
SpaceX’s profitability is a positive sign for its ambitions to colonize Mars, and a sign that its Starlink satellite Internet service is catching on.
Colonizing outer space is a multi-decades undertaking, involving massive re-usable rockets, satellite Internet, and possible robot laborers.
Amazingly, Dogecoin is also part of the plan.
DOGE-1 is fascinating because it is a convergence of the physical world and the online memescape. It’s hard to think of a more consequential example of memes imprinting themselves on the planetary consciousness than a meme-themed satellite orbiting the moon.
While it initially looked like a joke, DOGE-1 is moving steadily toward fruition. The moon has never been nearer.
Friday night, the Shiba Inu Balltze, better known as Cheems, passed away.
Cheems was the subject of countless Doge memes dating back to 2017. He reached peak of his fame in May 2020 as the subject of the popular Swole Doge vs. Cheems meme template.
In May 2022, Balltze was diagnosed with pancreatitis. He passed away this year due to complications from thoracentesis surgery. His owners urged people to “remember the joy that Balltze brought to the world.”
Cheems’s death produced an outpouring of meme tributes from the Doge community. This week’s “Memes of the Week” section below is dedicated to Cheems.
Cheems may be gone, but he will live on forever in memes.
Dogey Treats: News Bites
The Dogecoin Foundation put out a press release for the passing of Cheems.
Elon highlighted a tweet with the famous meme stock line, No highs, no lows, only Doge.
Elon said it is “basically illegal” for Apple’s board to reduce its 30% App Store tax because it would threaten the company’s profitability.
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Memes of the Week (Cheems Tribute)
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Disclaimer: This is not financial advice and I am not a financial advisor. The article above references an opinion for entertainment purposes only and it is not investment advice. Always assume that the author of the article is actively trading and that the opinions expressed may be biased towards the author’s holdings. Do your own research and consult with a licensed financial adviser before making any investment decision. Do not treat any opinion expressed in this newsletter as a specific inducement to make a particular investment. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or cryptocurrency or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, cryptocurrency, or financial product does not guarantee future results or returns. Dogecoin is a speculative and highly volatile asset susceptible to pump-and-dump schemes.
At the time of publication, Dogecoin is around $0.06 per coin.