London Daily

Focus on the big picture.
Tuesday, Jun 16, 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 Supreme Court Revises Legal Definition of Deprivation of Liberty
King’s Birthday Honours Recognise Contributions Across Science, Culture and Public Service
UK Ministry of Defence Reports Interdiction of Russian Shadow Fleet Vessel
UK and US Launch Joint Regulatory Programme for Medicines and Healthcare Products
Solicitor General Refers Murder Sentence to Court of Appeal Under Unduly Lenient Scheme
UK Launches £1.6 Million Mobile Museum Initiative to Expand Cultural Access
Judicial Pay Structure Undergoes Government Review Following Senior Recommendations
Government Confirms Nearly 180 New Youth Hubs Across the United Kingdom
UK Government Expands Careers Support Through Partnership with LinkedIn
Digital News Report Highlights Growing Global Concern Over AI and Information Overload
UK Chancellor Reaffirms Fiscal Discipline and Borrowing Reduction Strategy
UK Government Invests £219 Million in Sustainable Aviation Fuel Development
Rolls-Royce Small Modular Reactors Secures Major Swedish Export Contract
Government Confirms Locations for Nearly 180 Youth Hubs Across Great Britain
UK Government Partners with LinkedIn to Expand Employment Support Services
Reuters Institute Report Flags Rising Public Anxiety Over News and Information Overload
UK Government Commits £219 Million to Expand Sustainable Aviation Fuel Industry
Chancellor Convenes Market Engagement Group to Assess UK Economic Outlook and Productivity Risks
Rolls-Royce Wins Multibillion-Pound Swedish Contract for Small Modular Nuclear Reactors
Government to Ban Social Media Access for Under-Sixteens Across the United Kingdom
Government Approves Fast-Tracked Broadcast Merger Reshaping UK's Media Landscape
Resignation of Defence Secretary John Healey Triggers Debate Over UK Military Strategy
Britain Intensifies Diplomatic Efforts to Support US-Iran Ceasefire
Bank of England Faces Tough Interest Rate Choices After Economic Contraction
Belfast Sees Second Day of Anti-Migrant Riots as Police Deploy Water Cannons
UK Economy Shrinks in April as Energy Price Shocks Weigh on Growth
UK to Ban Social Media Access for Children Under 16 From 2027
UK Parliament Opens Week of Fast-Tracked Security and Infrastructure Legislation
Northern Ireland Projects £21 Million Boost From Major Cultural and Sporting Events
UK and Japan Sign Technology Security Pact to Strengthen AI and Supply Chain Cooperation
UK Welcomes US-Iran Peace Breakthrough Aimed at Restoring Strait of Hormuz Shipping
British Forces Intercept Russian Shadow Fleet Oil Tanker in English Channel Sanctions Operation
UK to Ban Social Media for Under-16s Under Landmark Online Safety Expansion
Anti-Immigrant Riots Spread Across Belfast, Raising Security Concerns
Ministry of Defence Opens Europe's Largest Drone Testing Facility in Swindon
Kemi Badenoch Calls for Deregulation to Restore City's Global Competitiveness
UK Housing Market Posts Sharpest June Price Decline in Fourteen Years
NHS Waiting Lists Rise to 7.22 Million as Diagnostic Delays Reach New Highs
Makerfield By-Election Raises Prospect of Labour Leadership Challenge
Bank of England Expected to Hold Interest Rates at 3.75% Despite Growing Policy Divisions
Royal Marines Seize Sanctioned Russian Oil Tanker in English Channel
Prime Minister Keir Starmer Set to Ban Social Media and AI Chatbots for Under-16s
United Kingdom Markets Rally After US-Iran Deal Reopens Strait of Hormuz
Defence Secretary John Healey Resigns Over Military Spending Dispute, Triggering Cabinet Crisis
Royal Navy Takes Part in Trooping the Colour for the First Time in 350 Years
Think Tank Warns Labour's European Union Reset Could Carry Significant Economic Costs
UK Semiconductor Centre and Japan's Rapidus Forge Advanced Chip Manufacturing Partnership
UK and Japan Launch Offshore Wind Compact Backed by £9 Billion in Investment
Starmer and Trump Discuss Iran Peace Efforts and Reopening of the Strait of Hormuz
United Kingdom and Japan Sign £18 Billion Investment Partnership Focused on Clean Energy and Advanced Technology
×