Journey to a Metal World: The $10,000 Quadrillion Asteroid

August 22, 2020 Space Exploration & Astronomy 12 min read
Simulation of Psyche spacecraft near the metal rich asteroid

Deep within the asteroid belt between Mars and Jupiter lies an extraordinary world unlike any other in our solar system. 16 Psyche, a massive metallic asteroid, is composed almost entirely of iron and nickel, with an estimated value of $10,000 quadrillion—more than the entire economy of Earth.

NASA is preparing to launch a mission to this unique metal world, which may be the exposed core of an early planet that lost its outer layers through violent collisions billions of years ago. The Psyche mission promises to reveal secrets about the violent history of our solar system and the building blocks of planet formation.

The Extraordinary Value of 16 Psyche

What makes 16 Psyche so incredibly valuable is its unique composition. While most asteroids are rocky or icy, Psyche appears to be the exposed nickel-iron core of a protoplanet, offering a rare glimpse into the violent collisions that created terrestrial planets like Earth.

$10,000Q
Estimated value of metals
226km
Diameter of the asteroid
2029
Expected arrival date

The estimated value of $10,000 quadrillion is based on the current market price of its constituent metals, primarily iron and nickel, with traces of gold, platinum, and other precious metals. However, bringing these materials back to Earth isn't the goal of the mission—the real treasure is scientific knowledge.

NASA's Psyche Mission

Mission Objectives

Determine if Psyche is indeed a planetary core, understand the context of its formation, study its topography and composition, and characterize its magnetic field.

Spacecraft

The Psyche spacecraft will use solar-electric propulsion and carry instruments including multispectral imagers, gamma ray and neutron spectrometers, and magnetometers.

Journey

After launching from Earth, the spacecraft will travel approximately 2.4 billion kilometers over nearly 4 years before arriving at the asteroid in 2029.

Scientific Significance

While the monetary value of Psyche captures public imagination, its scientific value is truly immeasurable. This mission could answer fundamental questions about how terrestrial planets form:

Planetary Formation

Psyche may represent a building block of early planet formation, offering a unique opportunity to study a planetary core directly rather than through seismic measurements as we do with Earth's core.

Magnetic Field Insights

By studying any remnant magnetic field, scientists can learn about the ancient magnetic dynamo that may have operated in the parent body before it was destroyed through collisions.

Violent History of Solar System

Psyche's existence tells a story of the violent collisions that shaped our solar system, where protoplanets smashed together, sometimes stripping away outer layers to expose metallic cores.

Psyche Mission Overview

Psyche Mission Overview

Mission Timeline and Key Events

2022

Original Launch Date

The Psyche mission was originally scheduled to launch in August 2022 but was delayed to address software and testing concerns to ensure mission success.

2023

Successful Launch

On October 13, 2023, the Psyche spacecraft successfully launched aboard a SpaceX Falcon Heavy rocket from NASA's Kennedy Space Center in Florida.

2026

Mars Gravity Assist

The spacecraft will use Mars' gravity to slingshot toward the asteroid belt, increasing its speed and adjusting its trajectory toward Psyche.

2029

Arrival at Psyche

The spacecraft will arrive at 16 Psyche and begin its primary mission, orbiting the asteroid for at least 26 months to conduct comprehensive scientific observations.

The Future of Space Mining

While NASA's mission is purely scientific, the existence of metal-rich asteroids like Psyche has sparked interest in space mining:

"Asteroids like Psyche could one day fuel humanity's expansion into space, providing raw materials for construction in orbit without the enormous cost of launching them from Earth's deep gravity well."

Did You Know?

The total amount of precious metals in 16 Psyche is so vast that if brought back to Earth, it could potentially crash global commodities markets, making currently rare metals suddenly abundant.

Challenges and Considerations

Despite the exciting prospects, numerous challenges remain for both scientific exploration and potential future mining:

  • Technological Hurdles: Developing the technology to mine and process materials in space remains in its infancy.
  • Economic Viability: The cost of space operations currently far exceeds the value of any returned materials.
  • Legal Framework: The Outer Space Treaty of 1967 prohibits national appropriation of celestial bodies, creating legal uncertainties around space mining.
  • Environmental Concerns: Any large-scale space mining operation would need to consider its impact on the space environment.
Future space mining concept

Future asteroid mining operations that could one day extract resources from metal-rich asteroids

Conclusion: More Precious Than Gold

While the staggering monetary value of 16 Psyche captures headlines, its true worth lies in the scientific knowledge it may unlock. This metallic world offers a window into the violent early history of our solar system and the processes that formed Earth and other terrestrial planets.

The Psyche mission represents another bold step in humanity's exploration of our cosmic neighborhood. As we prepare to visit this metal world for the first time, we're not just exploring an asteroid—we're investigating the remains of a failed planet that might tell us about our own planet's deepest secrets.

The journey to 16 Psyche reminds us that sometimes the most valuable treasures aren't those we can spend, but the knowledge that helps us understand our place in the universe and the extraordinary processes that made our existence possible.

Space Exploration Psyche Mission Planetary Science Space Mining