The new space agency will focus on strengthening competencies and growing capabilities making Australia less reliant on other countries for communication. What makes Psyche 16 particularly interesting is its almost pure, metallic composition. Rubin/NASA/JPL-Caltech. Gold had to come to Earth from somewhere, right? Mission Events. The $10,000 quadrillion asteroid: Experts reveal how iron, nickel and gold makes 16-Psyche so valuable as NASA prepares to visit it in 2026. Gold had to come to Earth from somewhere, right? Save the date--On May 27th, if everything goes as planned, a rocket will launch from Kennedy Space Center in Cape Canaveral, Florida. 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? NASA is sending a mission to 16 Psyche, set to launch in 2022 (but it won’t get there for a couple years), but it’s not going to dig up gold. All times AEDT (GMT +11). But once those metals start hitting the market in large quantities, they’re unlikely to be precious for much longer. As well as gold, the mysterious object is loaded with heaps of platinum, iron and nikel. If you were to dump millions of pounds of the good stuff on onto the market, its value just might drop. Join the conversation, you are commenting as, — Australia’s leading news site, Fossils deemed ‘discovery of the century’, Qld weather: Wild storm rips through state’s southeast. A Canadian miner says the next gold rush will be in space, predicting the world’s future mining titans will need to lift off and explore far from Earth if they want to stay on top of their game. If it was carried back to earth it would … Sign up, Join the conversation, you are commenting as Logout. Psyche 16 is nestled between the orbits of Mars and Jupiter and is made of solid metal. It’s reported 16 Psyche has enough gold, iron and nickel to make every person on the planet a billionaire. Wamberal Beach: Erosion threat continues as storms forecast ... Find out more about our policy and your choices, including how to opt-out. All rights reserved. Use of these names, logos, and brands does not imply endorsement unless specified. Nationwide News Pty Limited Copyright © 2020. Deep Space Industries and Planetary Resources each have their eyes on the 2011 UW158 asteroid which is twice the size of the Tower of London and worth up to £4.5trillion. 16 Psyche is a … By using this site, you agree to the Terms of Use and Privacy Policy. 2022 - Launch of Psyche spacecraft from Kennedy Space Center, Florida 2023 - Mars Flyby of Psyche spacecraft 2026 - Psyche spacecraft arrives in asteroid's orbit 2026-2027 - Psyche spacecraft orbits the Psyche asteroid NASA plans to head towards a massive asteroid that’s worth hundreds of quintillions of dollars. The mission was scheduled to depart in the then-futuristic year of 2020. “The ‘Titans of Gold’ now control hundreds of the best-producing properties around the world,” he said. They could deliver some out of this world monetary figures if it could ever be dragged down to Earth. Will the next gold rush be in space? It suffered some horrible catastrophe before it ever got a chance at greatness. In the weird and wonderful jargon of astronomy, “M-type” is short for “metallic type”. In total, it's estimated that Psyche's various metals are worth a gargantuan £8,000 quadrillion. Sometimes prospectors find nothing more than a few golden bits in a stream. Well, at current market prices, 16 Psyche contain enough gold and other precious metals to be worth roughly $700 quintillion, which is enough to give every single human being on this planet a private fortune of nearly a hundred billion bucks. Here are a variety of some amazing space launches to look forward to in 2020. Asteroid 16 Psyche is nestled between the orbits of Mars and Jupiter and is made of solid metal. Fortunately, the space agency is taking the trip for scientific purposes and isn’t planning on conducting any mining. Copyright © 2020 by Science Global News. Weather NSW, Qld: ‘Life threatening’ flash floods to hit Bri... Terrifying moth found in North America that looks like taran... ASPI report: How coronavirus lies spread worldwide. Scott Moore, the CEO of Toronto-based EuroSun mining, predicts the space race will turn to gold in the future. This is both true and false. Additionally, that value of the gold in 16 Psyche is based on the current market value, which is in part due to its relative scarcity. According to radar observations, the asteroid has been determined to be … Currently you have JavaScript disabled. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Paul M. Sutter is an astrophysicist at Stony Brook University and the Flatiron Institute, host of Ask a Spaceman and Space Radio, and author of How to Die in Space. One giant asteroid in particular would likely kick off the race for space miners and it threatens to throw the gold industry into chaos. NASA is launching a mission to probe the asteroid in summer 2022. Venus, the second planet from the sun and considered by the more romantic types as "Earth's twin" and the avatar of love, is dead. However the space authority does not plan to extract minerals from it. Most asteroids are either dirt lumps with a little bit of ice or ice lumps with a little bit of dirt. Psyche is a survivor of violent hit-and-run collisions between planets which were common when the solar system was forming and thus, it could reveal how Earth’s core and the cores of the other terrestrial planets were formed. It’s going to study the asteroid (no, not for a future big-dig mission, so stop asking), because 16 Psyche has an interesting history. NASA is more interested in 16 Psyche as it could tell us more about how the Earth was formed. Gold and other precious metals on 16 Psyche. Arrival at (16) Psyche: 2026 Observation Period: 21 months in orbit, mapping and studying Psyche's properties. Don't have an account? But 16 Psyche is neither–it’s metal. Take, for example, the prospector’s dream known as 16 Psyche. If you want to go gold mining on 16 Psyche and gobble some of those quintillions for yourself, I’m afraid you’re not going to get as rich as you think you might. Boeing’s Starliner capsule launched on Friday. What are the chances that place is space? A few years ago, after the successful deployment of the Curiosity rover on Mars, the folks at NASA envisioned a bold new plan to send another mission to the red planet. All articles, images, product names, logos, and brands are property of their respective owners. It is thought to be built entirely of exposed metallic iron, nickel and gold core of a protoplanet. By studying the asteroid, astronomers can gain some precious (ha–metal joke) clues as to the formation of our solar system. As well as gold, the mysterious object is loaded with heaps of platinum, iron and nikel. Physicists May Soon Find Out, Graphene Reveals a Super-Rare Form of Magnetism When 3 Layers Combine Together, In New Milestone, Physicists Store And Transport Light Using Quantum Memory, For The First Time, Physicists Have Achieved Superconductivity at Room Temperature, Wild Pandas Have Been Caught Mating on Film For The First Time. Required fields are marked *. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites.

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