Elon Musk, SpaceX and Tesla Hit with $285 Billion Lawsuit Alleging Pump and Dump Dogecoin Cryptocurrency Scheme

Lt Gen Ellen Pawlikowski, Space and Missile Systems Center commander, signed agreements with Space-X CEO Elon Musk, Jun 7, 2013 at the Space-X facility in Hawthorne, Calif.U.S. Air Force photoby Joe Juarez

With the federal government investigating Tesla’s full-self driving program over crashes, a muck racking website claiming to have evidence the car company has padded sales numbers, and SpaceX employees asking management to condemn Elon Musk’s behavior, the wealthiest man in the world is certainly seeing his problems stack up.

And now the billionaire has got another one. Decrypt reports on a lawsuit filed against Musk, SpaceX and Tesla seeking $285 billion in damages:

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More Cryptonauts to be Announced

MoonDAO is set to announce the winners of trips to space on Saturday. The company is running a contest in which winners mint a non-fungible token (NFT) that essentially serves as a ticket in a lottery. MoonDAO said it has purchased several tickets from Blue Origin for a suborbital flight aboard New Shepard.

MoonDAO is not alone in running contests for space trips using cryptocurrency. A 28-year old civil production engineer from Brazil named Victor Correa Hespanha claimed the title of the world’s first cryptonaut when he flew to space aboard Blue Origin’s New Shepard vehicle last Saturday. To reach space, Hespanha bought a non-fungible token (NFT) for a contest run by the Crypto Space Agency.

The Space Coin Project has launched a similar project to launch cryptonauts into space. You can read more about these efforts here.

One Small Step for a Man, One Giant Leap for Cryptokind.

Space Coin Project Launches ‘Space Travel for Everyone’

NEW YORK, June 06, 2022 (Space Coin PR) — After several months of refinement and thorough smart contract auditing, Space Coin Project has announced the official launch of its ERC-20 token, SPJ.

Anyone who has ever peeked into the space travel process, can immediately recognize the challenges. From extremely expensive flight tickets to limited seats on spaceships to bureaucracy, the barriers to entry are clearly high. With today’s stipulations, almost 99% of the world isn’t able to experience the thrill of space travel.

These limitations birthed the idea of the Space Coin Project. Mr. Jason Chang (CEO, Space Coin Project), when asked about the motivation behind the creation of the all-new governance token said, “Our mission is to create a social movement with a decentralized organization at its core to represent the community of space enthusiasts around the world.” He further stated that the Space Coin Project aims to solve most of the major challenges associated with space travel by creating a decentralized system that gives everyone in the community a chance to purchase a ticket on a space flight.

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Chinese Cryptocurrency Mogul Bid $28 Million for Seat on Blue Origin’s New Shepard Spaceship

Justin Sun (Credit: Blue Origin)

Taking Five Crewmates with Him to Space Through the “Sea of Stars” Campaign

GENEVA, Switzerland (TRON DAO Community PR) — H.E. Justin Sun, Ambassador, Permanent Representative of Grenada to the WTO & Founder of TRON, today revealed that he placed the winning bid for the first seat on Blue Origin’s Inaugural New Shepard rocket. The full bid amount of $28 million went to Blue Origin’s foundation Club for the Future, which in turn benefited 19 space-based charities to inspire future generations to pursue careers in STEM and help invent the future of life in space. Sun and five crewmates will fly on a New Shepard flight in 2022. H.E. Mr. Sun will be the first Grenadian, international diplomat, and blockchain industry leader to go up to space. He will be bringing the Grenadian flag with him on his voyage.

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