NASA to launch a spacecraft to search for $10 quintillion worth of asteroids.

NASA to launch a spacecraft to search for $10 quintillion worth of asteroids.

NASA has announced that in about 100 days, it will launch a spacecraft designed to study an asteroid potentially worth $10 quintillion.

NASA Jet Propulsion Laboratory says it has recently completed an extensive testing of the flight software and loaded it onto the spacecraft.

The final preparations show that there is no obstacle in front of the postponed launch, which will take place in 2022.

The asteroid in question is 278 km in diameter and is recorded as 16 Psyche. The ore on the asteroid, which is composed of gold, iron and nickel, is estimated at around 10 quintillion dollars.

NASA announced that it will cooperate with Elon Musk’s company SpaceX in 2020 to reach this rich asteroid.

The U.S. Commercial Space Launches Competitiveness Act, enacted in 2015, gives companies some legal rights over materials extracted from celestial bodies.

On the other hand, companies have already produced and tested the technology to theoretically achieve this.

“Our mission is just scientific”

Meanwhile, NASA describes its mission as “scientific” and states that they expect to learn more about the cores of planets and how planets form with the research in question.

The spacecraft, which will be launched with the SpaceX Falcon Heavy rocket, will make a six-year trip to the asteroid belt between Mars and Jupiter in October.

The satellite will then orbit the asteroid for 26 months. It will conduct investigations and photograph the asteroid to learn about the asteroid’s history and mineral composition.

While focusing on 16 Psyche, NASA said that its previous belt was filled with $700 quintillion worth of ore-rich asteroids. Davida, the most valuable asteroid in the belt, is thought to be worth $27 quintillion.

It should be underlined that while it is potentially a lucrative business for the future, precious metals from outer space will not actually produce some billionaires.

This is because a sudden increase in supply will naturally bring down the mineral prices.

Source: Insider

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