Enormous asteroid discovered by Nasa could turn each of us into multi-billionaires

2019-06-28 15:22
Gigantic asteroid. (Photo: Getty/Gallo Images)

Gigantic asteroid. (Photo: Getty/Gallo Images)

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American federal agency Nasa is studying an asteroid filled with so much precious metals, if divided among the seven billion inhabits of the world, we’d all be billionaires several times over.

The asteroid, known as 16 Psyche, contains platinum, iron, nickel and gold, making it worth about $700 quintillion (nearly R10 000 sextillion), reports The Metro.

To put that into context, a billion has nine zeros, a quintillion 18 and a sextillion 21.

If brought back to Earth and profits are equally divided, each one of us would be multi-billionaires.

However, it’s economically impossible, The Sun reports.

According to the World Economic Forum, the combined world economy is $80 billion. Injecting several quintillion into it would cause the economy to crash.

Not just that but bringing the asteroid back to Earth would plunge the entire gold industry in chaos, Scott Moore, head of Canadian development-stage mining company EuroSun Mining, says.

"The ‘Titans of Gold’ now control hundreds of the best-producing properties around the world," he told Oil Price.

"But the 4-5 million ounces [about 141 ton] of gold they bring to the market every year pales in comparison to the conquests available in space."

Nasa is launching a mission to investigate the asteroid, located between Mars and Jupiter, in 2020. It will arrive at Psyche 16 around 2026. The company plans to spend 21 months in orbit, conducting a full study of the space rock.

It will strictly be for scientific purposes as Nasa isn’t looking to make money off the asteroid just yet.

But can you imagine what Forbes’ billionaires list would look like?

SOURCES: The Metro, The Sun, World Economic Forum, Oil Price

Read more on:    space  |  nasa  |  asteroid

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