London Daily

Focus on the big picture.
Saturday, Sep 12, 2026

This asteroid could be worth US$10,000 quadrillion

This asteroid could be worth US$10,000 quadrillion

Scientists say the asteroid ‘16 Psyche’ could be made entirely of iron and nickel.

This isn’t your typical space rock. The asteroid 16 Psyche, one of the most massive objects in the main asteroid belt orbiting between Mars and Jupiter, could be made entirely of metal, according to a study published this week.

Even more intriguing, the asteroid’s metal is worth an estimated US$10,000 quadrillion (that’s 15 more zeroes), more than the entire economy of Earth.

“We’ve seen meteorites that are mostly metal, but Psyche could be unique in that it might be an asteroid that is totally made of iron and nickel,” study lead author Tracy Becker of the Southwest Research Institute said in a statement.

“Earth has a metal core, a mantle and crust. It’s possible that as a Psyche protoplanet was forming, it was struck by another object in our solar system and lost its mantle and crust,” Becker said.

Using the Hubble Space Telescope, Becker was able to analyse the asteroid in greater detail than ever before. The findings were published in a study in the Planetary Science Journal.

The study comes as Nasa is preparing to launch a spacecraft (also dubbed Psyche), which will travel to the asteroid as part of an effort to understand the origin of planetary cores.

China launches mission to Mars with lift-off of home-grown Tianwen-1 spacecraft


The mission is set to launch in 2022 and will arrive at the asteroid in 2026. Metal asteroids are relatively rare in the solar system, and scientists believe Psyche could offer a unique opportunity to see inside a planet.

According to Nasa, what makes the asteroid Psyche unique is that it appears to be the exposed nickel-iron core of an early planet.

Becker said that “what makes Psyche and the other asteroids so interesting is that they’re considered to be the building blocks of the solar system. To understand what really makes up a planet and to potentially see the inside of a planet is fascinating.

“Once we get to Psyche, we’re really going to understand if that’s the case, even if it doesn’t turn out as we expect,” she said. “Any time there’s a surprise, it’s always exciting.”

Nasa has no plans to bring the massive asteroid home and lacks the technology to mine it for its valuable metals. Researchers told CBS News in 2017 that they don’t plan to take advantage of the value of the asteroid’s composition.

“We’re going to learn about planetary formation, but we are not going to be trying to bring any of this material back and using it for industry,” Carol Polanskey, project scientist for the Psyche mission, told CBS at the time.

Newsletter

Related Articles

0:00
0:00
Close
UK Reviews Nationwide Emergency Alert Tests After Systems Meet Reliability Targets
UK Seeks Faster Rail Links Across Northern Industrial Corridors
British Business Bank Allocates £150 Million for High-Growth Companies in Northern England
BBC Warns Staff Strikes Are Possible Amid Pay Dispute and £500 Million Savings Drive
UK Backs Short Extension of UN Sudan Sanctions Regime
Prime Minister Andy Burnham Defends Early Prison Release Reforms and Growth Strategy
Reform UK Faces Scrutiny Over Alleged Effort to Circumvent Foreign Donation Rules
UK Analysts Warn Tax Rises or Spending Cuts May Be Needed to Preserve Fiscal Headroom
Jaguar Land Rover Plans Up to 4,000 Job Cuts in £1.7 Billion Cost-Saving Drive
UK Chancellor Warns of Difficult October Budget as Borrowing Costs Rise
UK Declares Israeli Occupation of West Bank Unlawful and Expands Sanctions
UK House of Commons Rejects Assisted Dying Bill for England and Wales
English Councils to Gain Power to Introduce Tourist Taxes by 2028
Kemi Badenoch Reshuffles Conservative Shadow Cabinet
Firefighters Make Progress Containing Major Wildfires in South Wales
John Lewis Partnership Reports £124 Million Loss
Study Says UK AI Data Centres Will Create Only a Quarter of Forecast Jobs
UK Government Considers Higher Industrial Water Prices Amid Supply Pressures
Andy Burnham Holds First Call With Donald Trump as UK Prime Minister
NHS Records Busiest Summer on Record as Heatwaves Drive Hospital Admissions
Home Secretary Orders Police Crackdown on Far-Right Anti-Migrant Vigilantes
UK Supreme Court Rules Northern Ireland Religious Education Curriculum Breaches Human Rights Standards
Markets Price in Four Bank of England Rate Rises by Next Summer
House of Commons Prepares Free Vote on Assisted Dying Bill
UK Government Bans Trade With Israeli Settlements in Occupied Territories
UK Economy Grows 0.4% in July as Artificial Intelligence Investment Supports Expansion
Andy Burnham Becomes UK Prime Minister After Keir Starmer Resigns
John Lewis Partnership Loss Widens to £124 Million
UK Government to Put White Working-Class Social Mobility at Centre of Equality Policy
McLaren Plans £450 Million Technology Investment Creating 1,000 UK Jobs
UK Chancellor Faces Calls for Wealth Taxes and Public Ownership in Autumn Budget
English Mayors to Gain Powers to Impose Uncapped Overnight Tourist Taxes
JPMorgan’s Jamie Dimon Warns UK Government Against Bank Windfall Taxes
UK Air Traffic Control Outage Cancels More Than 2,000 Flights
UK Imposes Trade Ban on Israeli Settlements in the West Bank
UK Borrowing Costs Surge as Middle East Tensions Push Long-Term Gilt Yields to Highest Since 1998
Buckingham Palace Says Prince Harry and Meghan Will Not Resume Official Royal Duties
UK Treasury Faces Calls to Scrap £100,000 Childcare Support Threshold
Trades Union Congress Urges Labour Government to Rewrite Migration Policy
Riot Police Deployed After Anti-Migrant Protests Turn Violent in Portsmouth
UK Considers Replacing Some Disability Cash Payments With Direct Services
JPMorgan’s Jamie Dimon Warns UK Chancellor Against Higher Banking Taxes
UK Announces New Sanctions Targeting Israeli Settlements in West Bank
Metropolitan Police Investigate Alleged Illegal Donations to Reform UK
UK Charges Wiltshire Man With Assisting Russian Intelligence
UK Orders Urgent Review After Air Traffic Failure Cancels More Than 2,000 Flights
Merz Rebukes AfD Expansion in Saxony-Anhalt
King Charles Confirms Prince Harry and Meghan Will Remain Private Citizens
Labour Selects Former Child Refugee for By-Election in Keir Starmer’s Former Seat
Foreign Private Equity Accelerates Takeovers of London-Listed Industrial Companies
×