In a recent development, logistics firm Geometric Energy Corporation (GEC) has revealed that they paid the rebooking fee for the Doge-1 satellite in Dogecoin (DOGE). This comes alongside news that the satellite won’t be taking off anytime soon.
Doge-1 Satellite Rebooking Fee Paid In Dogecoin
The CEO of Geometric Energy, Samuel Reid, confirmed in an X (formerly Twitter) post that they “had” to repay the rebooking fee to Elon Musk’s SpaceX in DOGE. This suggests that his company had no other choice but to use the meme coin to pay if they still intended to move on with the Doge-1 mission.
While it is unclear why the payment in Dogecoin was mandatory, it was worth mentioning that Geometric Energy made the initial payment (in 2021) to launch the Doge-1 satellite in Dogecoin. As such, Space X and Elon Musk might have felt it was only natural the whole deal continues to be financed with the meme coin.
Space X, which is owned by the world’s richest man, Elon Musk, will be respons
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