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Asteroid worth $10,000 quadrillion ‘could transform global economy
www.rt.com ^ | 25 May, 2017

Posted on 05/25/2017 10:52:57 AM PDT by Red Badger

NASA scientists are outdoing themselves yet again: by reworking the planned route for a robotic mission to a giant asteroid worth $10,000 quadrillion, they’ve managed to cut costs, launch sooner and arrive four years earlier than planned. Not bad.

The Psyche planetoid, measuring 240km (149 miles) in diameter, is located in the asteroid belt between Mars and Jupiter and is made almost entirely of iron and nickel.

At current market prices, such an asteroid, a truly unique object in our solar system, is estimated to be worth $10,000 quadrillion ($10,000,000,000,000,000,000). That is, if you could successfully tow it into orbit and then mine it (and find someone to buy all of it, of course). For scale, the entire global economy is worth over $74 trillion.

“We challenged the mission design team to explore if an earlier launch date could provide a more efficient trajectory to the asteroid Psyche, and they came through in a big way,” said Jim Green, director of the Planetary Science Division at NASA Headquarters in Washington, as cited in a NASA press release.

“This will enable us to fulfill our science objectives sooner and at a reduced cost,” he added.

The original launch date for the mission was in 2023 with a scheduled arrival sometime in 2030. With the new trajectory, however, it will launch in the summer of 2022 and arrive at the asteroid belt in 2026.

The key to the galactic shortcut is mindblowing in and of itself: By scrapping a planned gravity boost around the Earth, the team of scientists figured out how to avoid any pit stops or paying the gravity toll in passing too close to the sun.

"The biggest advantage is the excellent trajectory, which gets us there about twice as fast and is more cost effective," said Principal Investigator Lindy Elkins-Tanton of Arizona State University in Tempe.

Speculation is rife among the NASA team that the asteroid could indeed be the solidified core of a planet.

"It's such a strange object," Elkins-Tanton previously told Global News Canada in January.

"Even if we could grab a big metal piece and drag it back here ... what would you do? Could you kind of sit on it and hide it and control the global resource – kind of like diamonds are controlled corporately – and protect your market? What if you decided you were going to bring it back and you were just going to solve the metal resource problems of humankind for all time? This is wild speculation, obviously."

The Psyche mission craft, built by Space Systems Loral (SSL) in Palo Alto, California, has also been upgraded. Instead of the original design, which featured a four-panel solar array in a straight line on either side of the craft, the new design features a more powerful x-shaped design.

"By increasing the size of the solar arrays, the spacecraft will have the power it needs to support the higher velocity requirements of the updated mission," said SSL Psyche Program Manager Steve Scott.

The Psyche craft is part of NASA's Discovery Program, a series of lower-cost, highly focused robotic space missions that are exploring the solar system. The Psyche mission is only one of exploration, it won’t actually be towing this giant metal ball back to Earth.

More specifically, the mission will investigate whether Psyche is the core of an early planet, how old it is, whether it formed in similar ways to Earth's core, and what its surface is like.


TOPICS: Business/Economy
KEYWORDS: astronomy; mining; nasa; space
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To: Eisenhower Republican

Platinum group metals, or perhaps water will be most valuable. Some web comments recently discussed Saudi Arabia seeking a move into water as the new oil of space development.

https://www.bloomberg.com/news/articles/2017-04-23/space-the-final-frontier-seen-for-earth-s-crude-oil-giants

https://www.tsfa.co/single-post/2017/05/19/Mining-Space-The-Final-Frontier


61 posted on 05/25/2017 11:57:17 AM PDT by Ozark Tom
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To: Red Badger
"At current market prices, such an asteroid, a truly unique object in our solar system...."

Why would this object be "...truly unique..."?? Nickel-iron meteorites are ubiquitous. This one happens to be somewhat large, but "unique"........?? Don't think so.

62 posted on 05/25/2017 11:58:27 AM PDT by Wonder Warthog (The Hog of Steel and NRA Life Member)
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To: Brooklyn Attitude

The Rip Van Winkle caper....twilight zone...good ideas...great writing..


63 posted on 05/25/2017 11:58:49 AM PDT by Getready (Wisdom is more valuable than gold and diamonds, and harder to find.)
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To: Quality_Not_Quantity

I remember that Twilight Zone episode! Great episode (then again, they all were).


64 posted on 05/25/2017 11:59:09 AM PDT by july4thfreedomfoundation ("You can't fix America without pissing off the people who broke it".....Bill Mitchell)
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To: All
$10,000 quadrillion

Is $10 quintillion not a thing? Or, why not $10,000,000 trillion? What am I missing here?

65 posted on 05/25/2017 12:00:44 PM PDT by newgeezer (It is [the people's] right and duty to be at all times armed. --Thomas Jefferson, 1824)
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To: Wonder Warthog

As meteorites go, on the open market, nickel-iron ones are worth a lot more that the rocky ones.

https://www.etsy.com/listing/453040106/huge-canyon-diablo-arizona-crater-full?&utm_source=google&utm_medium=cpc&utm_campaign=shopping_us_a-art_and_collectibles-collectibles-other&utm_custom1=add6864a-2dfc-42f2-b114-62ef8b7d1dd4&gclid=CjwKEAjwgZrJBRDS38GH1Kv_vGYSJAD8j4DfjhQznzs9BOQgOXBKh-yclNovetaF86CdNfie0l4RsRoC2kbw_wcB


66 posted on 05/25/2017 12:01:24 PM PDT by Red Badger (Profanity is the sound of an ignorant mind trying to express itself.............)
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To: Quality_Not_Quantity

The best part is the members kill each other as the episode progresses till there’s just one man left, who dies with all the gold. Only for a man from the future to not how he had so much worthless metal.


67 posted on 05/25/2017 12:06:59 PM PDT by Bogey78O (So far so good.)
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To: Red Badger

Psyche, the core of a former planet? wow.

This could be a hugh discovery..


68 posted on 05/25/2017 12:19:45 PM PDT by NormsRevenge (Semper Fi - Monthly Donors Rock!!!)
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To: jonrick46

Your play on HUGE (YEWG) had me trying to figure out what acronym it was. (NEO- near Earth object), (PEE- planetary extinction event), etc.


69 posted on 05/25/2017 12:25:23 PM PDT by JimRed ( TERM LIMITS, NOW! Building the Wall! TRUTH is the new HATE SPEECH.)
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To: NormsRevenge

A failed planet. They think it may be the planet that was where the asteroid belt is now, but was destroyed by some cataclysmic collision way early in the solar system’s beginning.......................


70 posted on 05/25/2017 12:28:17 PM PDT by Red Badger (Profanity is the sound of an ignorant mind trying to express itself.............)
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To: JimRed

If is the way President Trump says huge, which is big time huge.


71 posted on 05/25/2017 12:31:34 PM PDT by jonrick46 (The Left has a mental illness: A totalitarian psyche.)
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To: Red Badger

Yeah! What could go wrong?


72 posted on 05/25/2017 12:36:27 PM PDT by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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To: SuperLuminal

Seems simple enough.
Send an unmanned probe.
Drill into surface.
Attach small steering rockets.
Start engines...............


73 posted on 05/25/2017 12:41:33 PM PDT by Red Badger (Profanity is the sound of an ignorant mind trying to express itself.............)
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To: BitWielder1

Lots of good stuff in Afghanistan’s ground. It’s good ground but seems cursed. I haven’t studied their history to find out why God is so mad at them.


74 posted on 05/25/2017 12:45:39 PM PDT by huldah1776 ( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
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To: Red Badger
estimated to be worth $10,000 quadrillion ($10,000,000,000,000,000,000).

Or one really, really big nickel.

75 posted on 05/25/2017 12:49:29 PM PDT by Romulus
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To: SuperLuminal

[ Yeah! What could go wrong? ]

Our asteroid engineer Mohammed Mohammed from our NASA Muslim outreach program will be handling the orbit dynamics.....

Yeah, won’t that just be swell....

You think a plane crashing into a building was bad, try a several kilometer asteroid crashing into eastern seaboard...


76 posted on 05/25/2017 12:50:20 PM PDT by GraceG ("It's better to have all the Right Enemies, that it is to have all the Wrong Friends.")
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To: Romulus

A big SHINEY nickel..................


77 posted on 05/25/2017 12:57:59 PM PDT by Red Badger (Profanity is the sound of an ignorant mind trying to express itself.............)
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To: Red Badger

Maybe we shouldn’t focus on bringing it back here, but using it to help us get farther out there.


78 posted on 05/25/2017 12:58:59 PM PDT by Mr. Blond
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To: Red Badger

Could be very bad for the economy they mean. Depends on the rate of introduction into the market but a massive glut of material like that could crash the market making iron and nickle basically worthless.


79 posted on 05/25/2017 12:59:44 PM PDT by discostu (You are what you is, and that's all it is, you ain't what you're not, so see what you got.)
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To: Mr. Blond

Yes, it would make building spaceships a lot easier...................


80 posted on 05/25/2017 1:03:35 PM PDT by Red Badger (Profanity is the sound of an ignorant mind trying to express itself.............)
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