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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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More Pics and VIDEOS at link...................
1 posted on 05/25/2017 10:52:57 AM PDT by Red Badger
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To: Red Badger

And on the payment plan, you only have to pay 30,000 quadrillion (30 quintillion) to be the proud owner!


2 posted on 05/25/2017 10:55:10 AM PDT by Cboldt
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To: Red Badger

Who are we going to sell it to? Will we sell on credit, or cash only?


3 posted on 05/25/2017 10:55:24 AM PDT by Cowboy Bob
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To: Red Badger

Space mining and prospecting might be what’s needed to get space exploration to the next level!

If this asteroid had gold or silver on it then people would right now be on the way to mine it!


4 posted on 05/25/2017 10:57:12 AM PDT by MeganC (Democrat by birth, Republican by default, conservative by principle.)
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To: Red Badger

The law of supply and demand applies. If you flood the market with a billion tons of high quality ore, the price will go down to near nothing.


5 posted on 05/25/2017 10:57:58 AM PDT by Blood of Tyrants (Conservatives love America for what it is. Liberals hate America for the same reason.)
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To: Red Badger

Interesting from a technical standpoint. From an economic angle, it is obviously not “worth” anything like the amount cited, since there simply is no market for so much iron and nickel. It is “worth” only what buyers would be willing to pay, if indeed it could somehow be mined for earthly purposes.


6 posted on 05/25/2017 10:58:21 AM PDT by Enchante (Searching throughout the country for one honest Democrat....)
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To: MeganC

If this is, as one theory goes, the ‘solidified core’ of some long gone planet, then it will have gold, silver, uranium, lead and all the heaviest metals as a part of its makeup, not just iron and nickel...................


7 posted on 05/25/2017 11:00:11 AM PDT by Red Badger (Profanity is the sound of an ignorant mind trying to express itself.............)
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To: Red Badger

Give Mother Earth a big expensive ring, sure.
Tow an iron asteroid over here and put it in orbit.
What could go wrong?


8 posted on 05/25/2017 11:02:26 AM PDT by Buttons12
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To: Red Badger

I am sitting here racking my brain and I honestly can’t think of one potential issue with going out and steering a 149 mile wide asteroid toward earth. Sounds like a great idea. I’m in.


9 posted on 05/25/2017 11:02:32 AM PDT by nitzy
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To: Red Badger
"Dial 1-800-555-1212, that's 1-800-555-1212, that's 1-800-555-1212. Have VISA or Mastercard handy.

"But wait, there's more! If you call within the next ten minutes, we'll throw in a second asteroid free! Just pay shipping and handling."

10 posted on 05/25/2017 11:02:56 AM PDT by sima_yi ( Reporting live from the far North)
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To: Red Badger
There is more than that in the Earth already.
The mere existence of untold riches in the ground hasn't broken the world economy yet, we still have to extract, refine and transport it.
The advantage of mining Asteroids is that we don't have to lift all that mass out of Earth's gravity well to build spaceships or habitats.
Will it be profitable to mine in space and ship down to Earth? Maybe some day if governments don't get in the way.

11 posted on 05/25/2017 11:03:01 AM PDT by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
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To: Red Badger

It’d be interesting if it turned out to be part of the core of Theia.


12 posted on 05/25/2017 11:03:08 AM PDT by baltimorepoet
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To: Red Badger

Wait... Isn’t RT.com a Russian news source? Just sayin’.


13 posted on 05/25/2017 11:03:13 AM PDT by Afterguard (Deplorable me!)
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To: Enchante

Not to mention what could possibly go wrong? Remember those Sky Lab commercials with the guy who strapped mattresses to everything and put helmets and pillows strapped to his dogs?


14 posted on 05/25/2017 11:04:29 AM PDT by blackdog
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To: Blood of Tyrants

...and if there’s not $10,000 quadrillion or wealth in existence, then it’s pointless to assign such a value without all the qualifiers that are being mentioned.


15 posted on 05/25/2017 11:04:38 AM PDT by alancarp (George Orwell was an optimist.)
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To: Red Badger

Reminds me of the Twilight Zone episode where the crew hijacks a gold shipment, puts themselves into suspended animation for 100 years, then wakes up only to find that, in the future, gold is as common as sand.


16 posted on 05/25/2017 11:04:44 AM PDT by Quality_Not_Quantity (I'm sick and tired of being sick and tired.)
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To: Enchante

Not to mention what could possibly go wrong? Remember those Sky Lab commercials with the guy who strapped mattresses to everything and put helmets and pillows strapped to his dogs?


17 posted on 05/25/2017 11:04:46 AM PDT by blackdog
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To: Red Badger

One mistake with setting the orbit around the earth and there will be a YEWG bang into the Earth.


18 posted on 05/25/2017 11:05:04 AM PDT by jonrick46 (The Left has a mental illness: A totalitarian psyche.)
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To: MeganC

https://en.wikipedia.org/wiki/16_Psyche


19 posted on 05/25/2017 11:05:07 AM PDT by Red Badger (Profanity is the sound of an ignorant mind trying to express itself.............)
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To: Enchante

Any thing can be done, you just have to have the will.


20 posted on 05/25/2017 11:06:11 AM PDT by 5th MEB (Progressives in the open; --- FIRE FOR EFFECT!!)
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