Space Race Of the Century: Elon Musk Vs BitMex to Launch Crypto Into the Moon

By Chris Torres | June 10, 2021

Pro-crypto SpaceX founder Elon Musk and BitMEX are reportedly looking to embark on the space race of the century, as both sides plan to win in bringing their crypto selection to the moon. 

Specifically, on June 4th, well-known crypto derivatives exchange entity BitMEX reportedly disclosed its initiative to throw in the weight behind space robotics company – Astrobotic Technology – in the mission to launch its first commercial lender to the moon in the final quarter of the previous year. 

Taking into account that the mission has a goal of becoming the leading example of “a private company leading a coalition of government, academia, industry, and international partners reach the lunar surface”, BitMex looks to send along a unique physical Bitcoin to the moon’s surface.

“We’ve nothing against Dog Money, we felt it was only right to help Bitcoin get there first.” BitMex reportedly remarked, mentioning Musk as a “Dogecoin protagonist”. 

The update reportedly surfaced after Elon Musk’s revelation in May this year that SpaceX has a goal of sending along with a Dogecoin-funded payload in one of its first rockets to the moon, claiming that DOGE would be the first virtual coin to make its way to lunar orbit in 2022. 

Elon Musk reportedly also offered his remarks to BitMEX’s fresh astronomic enthusiasm via Twitter, announcing that “A new space race has begun!”. 

Despite not many initiatives deep-diving into the utility of establishing crypto infrastructure from space managed to tap into the imagination of the general audience like the DOGECOIN project of Musk did, this is not the first project to bring the presence of crypto to outer space. 

Blockstream was reportedly the first in the sector to release crypto satellites into space to broadcast Bitcoin transactions in 2017. 

In August last year, Robonomics and Kusama reportedly disclosed their plans to build “an interplanetary architecture”, which enables data relaying from Mars to Earth and back, with the help of the Kusama network.

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