NASA’s mission to visit the asteroid 16 Psyched has been fast-tracked and should happen in 2026. The agency will look at but not extract metals from the $10,000 quadrillion asteroid, which is worth more than the global economy.
NASA is fast-tracking a planned trip to 16 Psyche — an asteroid that almost completely consists of nickel-iron metal. The iron in 16 Psyche alone is estimated to be worth $10,000 quadrillion, if humans were able to somehow extract it and bring it to Earth, which sounds great, until you realize that the entire global economy is only worth $78 trillion. Injecting that much worth into the world economy would crash it, in a totally different kind of asteroid impact than most people think about.
Fortunately, extracting minerals from 16 Psyche is not in NASA’s plans. NASA’s lead scientist for the mission, Lindy Elkins-Tanton, posed some fascinating questions to Global News Canada in January 2017: “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.”
16 Psyche will allow humans their first shot at exploring a world made of iron rather than ice or rock if NASA succeeds.