In a current improvement, logistics agency Geometric Power Company (GEC) has revealed that they paid the rebooking payment 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 Payment Paid In Dogecoin
The CEO of Geometric Power, Samuel Reid, confirmed in an X (previously Twitter) put up that they “had” to repay the rebooking payment to Elon Musk’s SpaceX in DOGE. This means that his firm had no different selection 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 necessary, it was price mentioning that Geometric Power made the preliminary fee (in 2021) to launch the Doge-1 satellite tv for pc in Dogecoin. As such, Area X and Elon Musk may need felt it was solely pure the complete deal continues to be financed with the meme coin.
Area X, which is owned by the world’s richest man, Elon Musk, shall be liable for launching the Doge-1 satellite tv for pc into the lunar orbit. Opposite to what some would possibly assume, this mission isn’t sending the Dogecoin token into area. As a substitute, the satellite tv for pc shall be used to show ads to Earth whereas orbiting the moon.
Nonetheless, it has caught the curiosity of the DOGE neighborhood, contemplating how the venture 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 stay voice chat on Telegram that the Doge-1 mission can be delayed. This was why Geometric Power needed to pay the rebooking payment 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 said that the delay was as a result of the truth that some tools for the satellite tv for pc was nonetheless being labored on. As soon as that’s accomplished 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 obtained 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 offer a timeline for when the Doge-1 will now probably launch. He solely said that the satellite tv for pc is prone to launch with the IM-2 or one other mission that Area X launches. It, nonetheless, relies on when the Doge-1 is lastly shipped to the US.
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