With SpaceX being run by Elon Musk, a fan of meme coin DOGE, it comes as no surprise that the firm uses stablecoins. Elon Musk’s Tesla invested heavily in Bitcoin—an investment that has clearly paid off with the investment value crossing the $1 billion mark last month as the price of Bitcoin (BTC) started surging after Donald Trump’s election victory.

Since taking over Twitter and rebranding the social media platform to X, Musk has enabled X users to send Bitcoin and other cryptocurrencies as ‘tips’ to other users. There has also been widespread speculation about crypto’s role in X’s upcoming payments feature.