Dogecoin Climbs After Elon Musk Tweets SpaceX Will Accept The Meme Coin

Elon Musk, CEO of Tesla, revealed through Twitter on Friday that his space exploration company Spacex will soon take Dogecoin as a form of payment.

This raised the value of Dogecoin.

Shortly after the tweet, Dogecoin surged as much as 10 percent to nearly 9 cents

partially correcting Thursday’s 6.14 percent decline, as DOGE closed the day at $0.0814.

Tesla merchandise can be bought with DOGE, and soon SpaceX merch as well,” the billionaire tweeted on Friday.

Musk also stated that Spacex’s Starlink memberships could “one day” be paid for with Dogecoin.

According to its website, Starlink is a satellite-based broadband internet system that provides

“high-speed, low-latency broadband internet in remote and rural areas across the globe.”

The rally, however, was not particularly long-lasting.