Dogecoin Price Drops By 5% After SpaceX Loses Starship Spacecraft

Key Points:

• SpaceX experienced a setback during the second test flight of its Starship booster, leading to a loss of communication.
• The incident raised concerns about the reliability and performance of Elon Musk’s deep-space launch system.
• Following the SpaceX news, Dogecoin price dropped by 5% within an hour.

SpaceX experienced a setback during a test flight of its Starship booster, leading to a loss of communication. Subsequently, Dogecoin price dropped by 5% within an hour.

SpaceX faced a setback during the second major test flight of its Starship booster, as it lost contact with the spacecraft. The company speculated that a malfunction occurred during the flight, leading to the loss of communication. The incident has raised concerns about the reliability and performance of Elon Musk’s deep-space launch system.

The automated flight termination system on the second stage triggered late in the burn, as the Starship was heading out over the Gulf of Mexico. SpaceX engineer John Insprucker shared this information on a livestream, shedding light on the potential cause of the malfunction.

Dogecoin Price Drops As SpaceX Starship Suffers Setback

Following the SpaceX news, Dogecoin saw a significant drop in value. Within a mere hour, Dogecoin’s price fell by 5%. On November 16, 2023, the official Dogecoin account stated that Astrobotic, a space logistics company, plans to send a physical Dogecoin to the moon.

This unique initiative involves placing a Dogecoin in the DHL Moonbox, which will be transported by ULA’s Vulcan Centaur Rocket in December 2023. The mission, which was funded by the Dogecoin community back in 2015, serves as a testament to the collective effort and support behind the cryptocurrency.

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