Elon Musk, CEO and founder of Tesla and SpaceX, and cofounder of Paypal hosted a much anticipated Saturday Night Live episode last night. People all over the world have been patiently waiting for this spectacle, with hopes to advance their cryptocurrency investments and future memes. Fans and critics alike tuned in to hear about Dogecoin, more cryptocurrency, and his thoughts on his controversial past. The Tesla CEO hosted alongside musical guest Miley Cyrus for the May 8 SNL episode. Musk played a range of characters in this episodes skits, from himself, to a cowboy, and a Gen-Z doctor with youth-isms.

For the very first time ever in SNL’s 46 year long run, this episode aired live internationally on Youtube in over 100 countries. In an effort to boost SNL’s ratings as well as stir up more cryptocurrency hype, it seems like a win-win.  Musk’s opening monologue fired the episode up. He admitted that he has Aspberger’s, and said he’s the first SNL host to have this diagnosis. This moment made headlines and the Twitter community embraced it, praising him with open arms.

Musk then continued his monologue by teaching the audience the correct pronunciation of his son’s name, ‘X Æ A-12.’ Musk jokes, “…cat running across the keyboard.” Following this, Musk’s mother joined the screen to talk about what he was like when he was younger. He joked about his on-going simulation rants, to which his mom patted his back and says ‘that’s great, Elon,’ in the most motherly, condescending way. He then told her that he bought her Dogecoin for Mother’s Day, and that’s the first time we hear of the coin this episode.

If you missed last night’s episode, we’ve recapped the top five moments, or takeaways from the show. Four of the sketches stood out the most, as they teased Muskean topics such as Dogecoin, Tesla, and SpaceX. The fifth takeaway, of course, is the combination of performances by Cyrus.

Musk and Others Address Controversies

Elon Musk Tesla

As excited as Musk fans are to have him host an episode, there are many that questioned SNL’s choice of host. SNL normally doesn’t pick businessmen to host their show, but it’s apparent why they picked Musk. He’s not your typical corporate suit; the tech mogul actively immerses himself in popular culture and comedy. He’s played himself in episodes of Rick & Morty, South Park, and The Simpsons. Colin Jost, an SNL regular who does the ‘Weekend Updates’ segments, addresses the ‘why Elon?’ question immediately. Jost teases that “he [Musk] needed an alibi” for China’s failed Long March 5B Rocket. This rogue rocket landed in the Indian Ocean late Saturday night.

In his opening monologue Musk also answered to his public persona. “Look, I know I say or post strange things but that’s just how my brain works. To anyone I have offended, I just want to say I reinvented electric cars and I’m sending people to Mars on a rocket ship. Did you think I was also going to be a chill normal dude?” Musk has 53 million followers on Twitter and the majority of his fans follow him for that exact reason: because he’s not your average entrepreneur.

Jeff Richards, former SNL cast member, speaks on the public matter regarding Musk’s hosting appearance. “Listen, this is clearly a supercharged moment, and I get why people are so emphatic about him hosting on both sides of the track. To me, SNL should push buttons, and for what it’s worth, I wanna see him peel out. Zroom zroom.” He then says “He makes super cool cars. Let him host, duh. If you have a problem with him just let one of the Tesla cars host.”

The Dogefather Explains Dogecoin: To The Moon!

This is the sketch that crypto fans were excitedly holding a microscope over. The ‘Weekend Update’ bit is all about Dogecoin, and Musk is portrayed as the Dogefather, ‘Lloyd Osterdag.’ Cast members poke fun at the coin and question its authenticity, as Musk answers their questions and explains cryptocurrency. “Instead of being controlled by the government, they’re decentralized by blockchain.” He then drops a much-awaited Dogecoin statement to Michael Che. “It’s the future of currency. It’s an unstoppable digital currency that’s going to take over the world.” He then howls “to the moon!” at the end of the segment. This very statement was the exact type of hype that crypto investors were waiting for. But Dogecoin isn’t the only cryptocurrency that Musk shouted out. Bitcoin and Ethereum were also mentioned.

According to crypto data tracker CoinGecko.com, Dogecoin has jumped over 800% over the last month. Additionally, it is now the fourth largest digital currency, with a market capitalization of $73 billion. Just last Thursday, the coin hit a record high above $0.73. As for Tesla, in February it bought $1.5 billion worth of Bitcoin. They also announced that they would soon accept Bitcoin as a form of payment for their electric cars, striving towards mainstream acceptance.

Tesla and SpaceX Mentions in Wario, Cowboy Standoff and Mars Skits

Elon Musk Cyber Truck

This fake courtroom-drama sketch featured Musk as Wario, Mario’s evil counterpart from Nintendo’s Mario series. This is why I get paid the big bucks,” says Mikey Day, who is playing as Wario’s defense attorney. He is on trial for killing Mario and sleeping with Mario’s girlfriend, Princess Peach. “Wario is lazy, ruthless, and greedy. He is larger than Mario, but most of his body … .” Musk’s girlfriend and mother of his son Grimes makes a surprise cameo as Princess Peach. 

In a more serious (but still funny) sketch, we see Musk portraying himself in a Mars-spaceship genre. This Astronaut skit where Pete Davidson plays his fan-favorite ‘Chad’ character mimics Musk’s SpaceX launch. Cyrus hilariously plays Chad’s love interest. The setting for this skit takes place on a future SpaceX station in Mars. Musk plays himself in the skit, navigating the space station that was running out of air.

The Old Saloon skit is where Elon, who plays ‘Leron’ a genius cowboy that loves electric horses. Leron suggests an idea about building an underground railroad. He talks about electric vehicles in general, which he alludes to when he brings up electric carriages. He brings up a tongue-in-cheek line about ‘self-driving horses, which are just horses.’ This skit was also a response to critics of the tech billionaire who argue that he downplayed the severity of the COVID-19 crisis. Musk admits that for a while, he thought masks were dumb. “But now, I think they’re cool.” 

All The Miley Cyrus Performances

Miley Cyrus

Miley Cyrus, a former three-time SNL host, was the star performer of the evening, and she brought her best. This was her sixth time performing on the show. In the opening, Cyrus performed her godmother Dolly Parton‘s song ‘Light of a Clear Blue Morning.’ This was accompanied by a vignette of cast members and their mothers, as a Mother’s Day tribute. 

Her second performance was TikTok favorite ‘Without You,’ a duet with Australian rapper/singer Kid Laroi. This was the first time they performed their remix together. This pop-punk ballad is reaching almost half a billion streams on Spotify. For her final performance the ‘Prisoner‘ singer sang, ‘Plastic Hearts’ from her latest album of the same name, her most ‘rock-n-roll album’ to date.