Canadian manufacturing and logistics firm Geometric Energy Corporation has announced that its Doge-1 Mission to the Moon — the first commercial lunar payload in history — will be paid for in its entirety with the meme-inspired cryptocurrency Dogecoin.

The moonshot will involve a collaboration between Geometric Space Corporation mission management and SpaceX that will carry a 40kg satellite on a SpaceX Falcon 9 rocket in the first quarter of next year.

“Having officially transacted with Doge for a deal of this magnitude, Geometric Energy Corporation and SpaceX have solidified Doge as a unit of account for lunar business in the space sector,” said Geometric Energy Chief Executive Officer Samuel Reid.

Geometric Energy said in a statement that Dogecoin had proven to be a fast, reliable, and cryptographically secure digital currency that operated when traditional banks could not, and that it was sufficiently sophisticated to finance a commercial moon mission in full. The company said Dogecoin had been chosen as the unit of account for all lunar business between SpaceX and itself in a move that would set a precedent for future missions to the moon and to Mars.

SpaceX founder and Dogecoin advocate Elon Musk tweeted about the launch, “SpaceX launching satellite Doge-1 to the moon next year — Mission paid for in Doge — 1st crypto in space — 1st meme in space To the mooooonnn!!”

The announcement of the mission’s cryptocurrency funding came as the value of Dogecoin slumped after Musk said on US TV show “Saturday Night Live” that it was a “hustle”.