Dogecoin Spiked 15% as Elon Musk Says SpaceX Will Soon Accept it for Merch Payments

SpaceX CEO Elon Musk said the firm will soon accept Dogecoin as a form of payment. Previously, on similar occasions, Musk’s comments had driven the popular meme coin to surge in value within a short period of time. This time, the cryptocurrency spiked nearly 15% right after the news broke, but it soon gave away most of its gains.

After announcing the EV giant Tesla would accept Dogecoin as payment for some of its merchandise, the self-proclaimed Dogefather doubled down its faith in the meme coin, revealing on Twitter that SpaceX, another venture he led as CEO, will soon accept Dogecoin as a payment option. He tweeted:

“Tesla merch can be bought with Doge, soon SpaceX merch too.” 

However, Musk did not specify when the payment option will be available to the public.
When asked if SpaceX would allow customers to pay for Starlink’s internet subscriptions with Dogecoin, Musk replied, “Maybe one day.”
Last May, SpaceX accepted Dogecoin as full payment for a lunar mission dubbed the “DOGE-1 Mission to the Moon.” Musk noted that “Dogecoin would become the first cryptocurrency in space.”
At the time of writing, the largest meme coin by market cap is trading slightly below $0.08 as its earlier gain spurred by the news has mostly been wiped out.
Source: TradingView

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