London Daily

Focus on the big picture.
Sunday, Jun 28, 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 Government Confirms Further Medicine Price Concessions for Community Pharmacies in June
British Chambers of Commerce Calls for Public Procurement Reform to Boost Regional Growth
Thousands Mark Armed Forces Day Across the United Kingdom With National Parades and Flypasts
Man Arrested in Ealing on Suspicion of Attempted Murder After Vehicle Ramming Incident Injures Five
Cambridge South Station Opens With £250 Million Investment to Strengthen Life Sciences Corridor
UK Heat-Health Alerts Extended Across England as High Temperatures Persist
Thames Water and Energy Operators Warn of Peak Demand Risks During UK Heatwave
Government Conference Highlights Push for Evidence-Led Policy Across UK Public Sector
Insolvency Service Reports Improved Confidence in UK Insolvency System
Security Industry Authority Finds Widespread Safety Failures in UK Night-Time Economy
Nigel Farage Expands Anti-WHO Campaign Into United States With New Lobbying Structure
Home Secretary Seema Mahmood Unveils New Safe Routes Plan for Asylum Seekers
UK Government Warns of Peak Electricity and Water Pressure Amid Ongoing Heatwave
New Nuclear Plant in Wales Named Gwyndod Power Station as Energy Strategy Advances
UK Announces First Major Hydropower Projects in Four Decades to Expand Renewable Capacity
Thirteen Men Charged in Major UK Sexual Abuse Case as Investigation Continues
UK Launches Cross-Sector Climate Security Taskforce Linking Environment and National Security
UN Secretary-General António Guterres Calls for Urgent Global Methane Emissions Cuts in London
World Bank Approves $1 Billion UK-Backed Financing Package for Ukraine Recovery
UK Pledges Emergency Aid and Rescue Team Deployment to Earthquake-Hit Venezuela
Bank of England Holds Interest Rates at 3.75 Percent for Fourth Straight Meeting
Record-Breaking Heatwave Puts Strain on UK Health Services and Energy Networks
London Ambulance Service Sees Record Emergency Demand as Heatwave Intensifies
British Chambers of Commerce Warns of Prolonged Weak Investment Climate Through 2027
Bank of England Holds Interest Rates as Inflation Risks Persist
UK Construction Sector Faces One Percent Contraction Amid Cost and Investment Pressures
Former DUP Leader Sir Jeffrey Donaldson Convicted of Sexual Offences
Church of England Appoints Dr Linsay Cunningham to Lead Faith and Public Life Division
UK Armed Forces Day Marked Nationwide With Events From Aberdeen to the Scilly Isles
Rising Tensions in Edinburgh Prompt Joint Warning From Scottish Local Government Leaders
UK Construction Sector Forecast to Contract One Percent in 2026 on Cost Pressures
UK Parliament Backs 87 Percent Emissions Cut as Government Deepens Electrification Drive
British Chambers of Commerce Forecast Weak UK Growth as Investment and Demand Slow
Bank of England Holds Interest Rates at 3.75 Percent Amid Energy and Inflation Uncertainty
London Ambulance Service Reports Record Surge in Life-Threatening Emergency Calls During Heatwave
UK Parliament Approves Legally Binding 87 Percent Emissions Cut Target by 2040
United Kingdom Records Third Consecutive Day of Record June Heat as Europe Faces Worsening Heatwave
Robert Jenrick Defends £5 Million Donation to Nigel Farage Amid Political Scrutiny
Plymouth Museum The Box Wins 2026 Art Fund Museum of the Year Award
UK Government Faces Backlash Over Plans to Use Former Military Sites for Asylum Accommodation
Labour Party Faces Pressure Over Cabinet Stability as Senior Figures Clash on Policy Direction
Heathrow Airport Forecasts Passenger Decline in 2026 as Costs and Climate Disruption Mount
UK Energy Regulator Approves Expansion of Long-Duration Storage to Boost Power System Resilience
Crown Estate Reports Third Consecutive Year of £1 Billion Profit as Debate Over Royal Finances Intensifies
Teenager Charged With Murder in Wales Following Death of 14-Year-Old Boy
Nottingham University Hospitals Maternity Failures Trigger Calls for Public Inquiry Into Patient Safety
EasyJet Rejects £4.9 Billion Takeover Offer From Castlelake but Keeps Door Open for Further Talks
Record Heatwave Triggers UK Transport and Infrastructure Strain as Heathrow Revises Passenger Forecast Downward
Ofgem Approves Sixteen Long-Duration Energy Storage Projects to Strengthen UK Grid Stability
Labour Government Faces Internal Tensions Over Cabinet Decisions and Net Zero Policy Direction
×