Deep Space Industries and Planetary Resources each have their eyes on the 2011 UW158 asteroid which is twice the size of the Tower of London and worth up to $5.7 trillion. NASA is launching a mission to probe the asteroid in summer 2022. There are more than 50 newly discovered lakes buried beneath Greenland’s ice sheet ready to be explored for evidence of extreme life, Origin of mysterious fast radio burst discovered for the first time, Watch a rare Earth-grazer space rock skipping through the atmosphere and bouncing right back out again, Gold miners discover gigantic meteorite crater in Australian outback, Two asteroids set to cross Earth’s orbit just hours apart while another Great Pyramid-sized space rock barrels our way, Amateur astronomer discovers potentially hazardous near-Earth kilometer-size asteroid, The day money fell from the sky: Hundreds of pieces of meteorite rain down on Brazilian town, Five asteroids pass Earth this week BUT were only discovered 2 weeks ago, Mysterious tremor and deafening bang shake homes in Snowdonia, Wales, Mystery ‘loud bang’ heard around Kilkenny baffles residents. So perhaps it's actually a good thing that it will require billions of dollars in scientific research and infrastructure to actually begin mining gold and other metals from asteroids like Psyche 16. NASA Paid Russia More Than $70 Million For Astronaut Jeff Williams' Trip Home. We’ve known about 16 Psyche for a while, but its potential to cause havoc on Earth was recently touched upon by a veteran miner. Learn how your comment data is processed. The mysterious ̶… This material may not be published, broadcast, rewritten, This material may not be published, broadcast, rewritten, or redistributed. This site uses Akismet to reduce spam. Deep Space Industries and Planetary Resources each have their eyes on the 2011 UW158 asteroid which is twice the size of the Tower of London and worth up to £4.5trillion. Be curious! In total, it’s estimated that 16 Psyche’s various metals are worth a gargantuan $10,000 quadrillion. Mutual Fund and ETF data provided by Refinitiv Lipper. All rights reserved. Fortunately, the space agency is taking the trip for scientific purposes and isn’t planning on conducting any mining. or redistributed. News outlets are reporting that NASA is planning to visit an asteroid made of gold and other precious metals! Submit a correction suggestion and help us fix it! Two space mining companies – backed by big name celebs – are gearing up for a gold rush after asteroid ownership was made legal in 2015. Market data provided by Factset. Save my name, email, and website in this browser for the next time I comment. NASA-Affiliated Space Billionaire Robert Bigelow Says Aliens Are Already On Earth, Jeff Bezos Says He Spends Billions On Space Exploration For The Future Of Humanity, Russian Billionaire Yuri Milner Launching Space Probe To Look For Aliens. If Psyche 16 is indeed worth $700 quintillion, bringing it all to Earth could cause the entire global economy, now worth a mere $75.5 trillion, to totally collapse. How Much Is It Worth? Psyche 16 is nestled between the orbits of Mars and Jupiter and is made of solid metal. As of 2019, the best mass estimate is (2.41±0.32)×10 kg, with a derived bulk density o… Asteroid 16 Psyche is nestled between the orbits of Mars and Jupiter and is made of solid metal. Psyche is massive enough that its gravitational perturbations on other asteroids can be observed, which enables a mass measurement. ©2020 FOX News Network, LLC. That means it could tell us how Earth’s core and the cores of the other terrestrial planets were formed. The new, high density estimate suggests that 16 Psyche must be composed mostly of metals. Mutual Fund and ETF data provided by Refinitiv Lipper. While there's been speculation about how much gold there is to be found, scientists feel that 16 Psyche is mainly made from iron and nickel. Market data provided by Factset. Have You Always Dreamed Of Going Into Space? You've successfully subscribed to this newsletter! It reckons 16 Psyche is a survivor of violent hit-and-run collisions between planets which were common when the solar system was forming. “The ‘Titans of Gold’ now control hundreds of the best-producing properties around the world,” he said. Powered and implemented by FactSet Digital Solutions. An artist's impression of Psyche 16, an asteroid with enough gold in it to make everyone on Earth a billionaire Credit: Nasa As well as gold, the mysterious object is … Get a daily look at what’s developing in science and technology throughout the world.

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