• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
How asteroid worth $10,000,000,000,000,000,000 discovered 173 years ago could make everyone on Earth a billionaire

Home> Science> Space

Published 17:17 20 May 2025 GMT+1

How asteroid worth $10,000,000,000,000,000,000 discovered 173 years ago could make everyone on Earth a billionaire

NASA is currently on a mission to visit the lucrative asteroid

Rikki Loftus

Rikki Loftus

google discoverFollow us on Google Discover

An asteroid that is worth $10 quintillion after being discovered 173 years ago could make everyone on Earth a billionaire.

It turns out asteroids aren’t all just space rocks, but instead, some are floating goldmines.

The asteroid in question is known as 16 Psyche, and is estimated to have a value of a whopping $10 quintillion.

This is because of the precious minerals present on the rock.

Advert

16 Psyche was first discovered back in 1852 by Italian astronomer Annibale de Gasparis and orbits the Sun somewhere between Mars and Jupiter.

NASA has embarked on a mission to the asteroid (Maxar /ASU / P. Rubin / NASA / JPL-Caltech)
NASA has embarked on a mission to the asteroid (Maxar /ASU / P. Rubin / NASA / JPL-Caltech)

Since then, the asteroid has been monitored by the James Webb Science Telescope, and it has now been said to contain resources worth several times more than the entire economy of the world.

Unlike most asteroids, which tend to be made up of rock and ice, this one is believed to have a nickel-iron core.

It’s also thought that the rock is made up of elements like platinum and palladium, which are materials that are vital for making electronics and cars.

Scientists have been using radar and optical observations to create a 3D model of the asteroid, although no one will know for certain what it actually looks like until we get a glimpse close up.

However, due to its positioning, it would currently take us six years to reach 16 Psyche.

Still, that’s not to say that it isn’t worth doing - after all, if we’re able to mine the asteroid for its minerals, it could be very lucrative for people on Earth.

And NASA seems to agree, as the space agency launched a mission to the rock back in October 2023 and it’s on its way.

The asteroid is orbiting the sun between Mars and Jupiter (VICTOR HABBICK VISIONS / SCIENCE PHOTO LIBRARY / Getty Images)
The asteroid is orbiting the sun between Mars and Jupiter (VICTOR HABBICK VISIONS / SCIENCE PHOTO LIBRARY / Getty Images)

The probe is expected to reach the asteroid by the year 2029.

NASA has a dedicated page on its website to 16 Psyche, where it says: "This intriguing asteroid is now the primary target of NASA's Psyche mission. The Psyche spacecraft will launch in October 2023 and travel to the asteroid using solar-electric (low-thrust) propulsion, following a Mars flyby and a gravity assist.

"Once in orbit, the spacecraft will map and study Psyche using a multispectral imager, a gamma-ray and neutron spectrometer, a magnetometer, and a radio instrument (for gravity measurement). The mission’s goal is, among other things, to determine whether Psyche is indeed the core of a planetesimal."

The space agency adds: "Psyche was discovered by Italian astronomer Annibale de Gasparis on March 17, 1852. He named the asteroid for Psyche, the Greek goddess of the soul who was born mortal and married Eros (Roman Cupid), the god of Love.

"Because it was the 16th asteroid to be discovered, it is sometimes referred to as 16 Psyche."

Featured Image Credit: VICTOR HABBICK VISIONS / SCIENCE PHOTO LIBRARY / Getty Images
Space
Nasa
Science
News

Advert

Advert

Advert

Choose your content:

16 hours ago
18 hours ago
a day ago
  • Reflect Orbital
    16 hours ago

    Radical proposal could see 50,000 mirrors launched into orbit for ‘on-demand sunlight’

    People will be able to request light from a bright moon level to high noon

    Science
  • Narumon Bowonkitwanchai / Getty
    16 hours ago

    New study suggests true origins of Covid-19 might not be what we thought

    Many have speculated that the deadly virus originated in a lab

    Science
  • Cheunghyo/Getty Images
    18 hours ago

    Experts warn about 'Godzilla' superstorm that could change the planet in 2026

    Global impacts could include floods and droughts around the world

    Science
  • Olga Pankova / Getty
    a day ago

    How vitamin D can severely damage your body as man admitted to hospital after taking supplement

    There are some major warning signs that you've had too much vitamin D

    Science
  • Asteroid worth $10,000,000,000,000,000,000 could have shocking unintended consequences
  • NASA issues update on 'city killer' asteroid after considering using nuclear weapons to destroy it
  • Scientist made shock admission ahead of NASA mission to asteroid 'worth $10,000,000,000,000,000,000'
  • 1,300lb NASA satellite will crash into Earth today as space agency reveal risk it will hit humans