Elon Musk, the CEO of SpaceX, is considering allowing payments in Dogecoin for Starlink services in Brazil. This comes after the country’s Supreme Court froze Starlink’s bank accounts, prompting a user to suggest Dogecoin as a solution. Musk responded with “Hmm … you make a good point,” indicating his potential interest in the idea.
The bank account freeze is part of a larger legal battle between SpaceX and the Brazilian government. The Supreme Court’s decision, signed by Justice Alexandre de Moraes, stems from X (formerly Twitter)’s lack of a legal representative in Brazil, a requirement for internet companies operating in the country. The freeze also relates to unpaid fines levied against X for failing to provide certain documents.
Musk has criticized the court order, calling it “absolutely illegal” and accusing it of “improperly punishing” SpaceX shareholders. He emphasizes that SpaceX and X are separate entities, despite his ownership of both companies. Starlink has over 250,000 customers in Brazil, including businesses, schools, and emergency responders. The company is working to ensure uninterrupted service despite the legal dispute.
Dogecoin has become increasingly linked to Musk’s social media posts and business ventures. Earlier this month, an AI-generated image referencing Dogecoin on X led to a surge in its price. In a separate development, Musk and Tesla successfully dismissed a federal lawsuit accusing them of manipulating Dogecoin prices. The lawsuit, which alleged insider trading and market manipulation, was dismissed with prejudice, preventing it from being refiled.
The possibility of accepting Dogecoin for Starlink services in Brazil highlights the growing influence of cryptocurrencies in the real world. This situation is likely to be closely watched by both the tech and crypto communities as it could set a precedent for future payments within SpaceX and other companies associated with Musk.
