Elon musk's direct engagement and 'on the moon' narrative have historically caused significant price movements for dogecoin due to his influential public persona and connection to spacex and tesla.
Musk has a track record of driving doge's price with his statements, and his companies (spacex, tesla) have previously integrated doge for payments and missions, lending credibility to future initiatives.
The phrase 'on the moon' is a strong bullish signal in crypto culture. while 'next year' implies a longer timeline, the rekindled speculation is likely to generate positive sentiment and buying interest.
The 'next year' timeframe suggests that any sustained impact or major price movement would be a long-term effect, potentially building up to the proposed mission rather than an immediate, prolonged surge.
Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Elon Musk says SpaceX may put DOGE 'on the moon' next year Musk replied “maybe next year” to a post referencing his old pledge to put Dogecoin “on the literal moon,” reviving a long-running SpaceX-DOGE thread that has included merchandise payments and the delayed DOGE-1 mission. By Shaurya Malwa | Edited by Stephen Alpher Updated Feb 3, 2026, 1:31 p.m. Published Feb 3, 2026, 11:06 a.m. Make us preferred on Google What to know : Elon Musk reignited speculation about dogecoin after replying "Yes" on X to a post hinting at the meme token's future rise. Musk and his companies Tesla and SpaceX have previously embraced Dogecoin for select merchandise and backed the DOGE-1 satellite mission, one of the token's few real-world uses. Dogecoin still trades about 90 percent below its 2021 peak, and no new initiatives were announced, underscoring how the token's visibility remains heavily tied to Musk's sporadic public engagement. Elon Musk Dogecoin