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IPFS News Link • Canada

Elon Musk's SpaceX may launch a tiny Canadian satellite that will livestream ads from space: rep

• https://www.space.com, By Elizabeth Howell

SpaceX plans to launch a Canadian advertisement-beaming satellite into space that will eventually accept payments in Dogecoin, according to a media report.

Canadian startup Geometric Energy Corp. plans to send the advertising system to orbit on a small cubesat in early 2022 on a SpaceX Falcon 9 rocket that's bound for the moon, Business Insider reported Aug. 7. (The cryptocurrency-fueled mission was disclosed publicly in May, but not the advertising bit.)

Keeping with the rideshare's cryptocurrency mission theme, purchasing advertisements for the cubesat appears to be exclusively decentralized finance options, such as Ethereum. Dogecoin — based on a meme popularized by SpaceX founder Elon Musk — is expected to be available in the future, too; Musk, 49, is a long-time ardent supporter of bitcoin, Dogecoin and other cryptocurrencies.

According to Business Insider, the cubesat will separate from the rocket before it goes to the moon, allowing the satellite to stay in Earth orbit. Next, a selfie stick will deploy from the cubesat to film a display screen. The footage will beam directly to Twitch or YouTube to allow anyone to watch the advertisements, Business Insider said.

"I'm trying to achieve something that can democratize access to space and allow for decentralized participation," Samuel Reid, CEO and co-founder of GEC, told Business Insider. "Hopefully, people don't waste money on something inappropriate, insulting or offensive."

Advertising on the cubesatrequires potential purchasers to buy tokens, which will be used to claim, locate and design a pixel. GEC will have five tokens available: two for location (Beta for the X coordinate and Rho for the Y coordinate), two for pixel control (Gamma for the brightness and Kappa for the color), and XI for time — meaning, how long the advertisement will be displayed.

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