In a latest improvement, logistics agency Geometric Vitality Company (GEC) has revealed that they paid the rebooking charge for the Doge-1 satellite tv for pc in Dogecoin (DOGE). This comes alongside information that the satellite tv for pc received’t be taking off anytime quickly.
Doge-1 Satellite tv for pc Rebooking Price Paid In Dogecoin
The CEO of Geometric Vitality, Samuel Reid, confirmed in an X (previously Twitter) put up that they “had” to repay the rebooking charge 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 preliminary fee (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 entire deal continues to be financed with the meme coin.
House X, which is owned by the world’s richest man, Elon Musk, shall be answerable for launching the Doge-1 satellite tv for pc into the lunar orbit. Opposite to what some would possibly suppose, this mission isn’t sending the Dogecoin token into house. As an alternative, the satellite tv for pc shall be used to show commercials to Earth whereas orbiting the moon.
Nevertheless, it has caught the curiosity of the DOGE group, contemplating how the mission has amplified the meme coin’s utility. Such improvement will also 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 reside voice chat on Telegram that the Doge-1 mission could be delayed. This was why Geometric Vitality needed to pay the rebooking charge within the first place, contemplating that the satellite tv for pc will now not be launching as a rideshare payload with the Intuitive Machines’ IM-1 mission.
Reid additional acknowledged that the delay was on account of the truth that some tools for the satellite tv for pc was nonetheless being labored on. As soon as that’s executed and obligatory 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 bought the required approval and license to launch the satellite tv for pc from the Nationwide Telecommunications and Info Administration (NTIA) and the Federal Communications Fee (FCC), respectively.
In the meantime, Reid failed to offer a timeline for when the Doge-1 will now probably 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, nevertheless, depends upon when the Doge-1 is lastly shipped to the US.
Featured picture from CoinGape, chart from Tradingview.com
