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NASA Is Set To Explore A Massive Metal Asteroid Called ‘Psyche’ That’s Worth Way More Than Our Globa

We Never Know

No Slack
And thats what it is about. The $$money.

NASA Is Set To Explore A Massive Metal Asteroid Called ‘Psyche’ That’s Worth Way More Than Our Global Economy

"You’re going to hear a lot more about this 140 miles/226 kilometers wide asteroid in the next few months as NASA gets closer to launching a mission of the same name, in August 2022, to study what it’s made of.

Iron? Nickel? Gold? Observations of the light reflected off it suggest one of those, which would—some casual suggestions predict—make this asteroid technically worth about $10,000 quadrillion. That’s way more than the global economy, which was worth about $84.5 trillion in 2020 according to Statista (a few trillion less than in 2019)."

https://www-forbes-com.cdn.ampproje...thats-worth-way-more-than-our-global-economy/
 

amorphous_constellation

Well-Known Member
Without knowing anything about this beyond what you posted, that is bizarre to think about economically. Let's say they actually bring it down here safely. Ok, now all that is being converted instantly into wealth. It is no longer a hard asset, somehow. All the state debt is forgiven.. The excess enters the economy - but wouldn't it cause massive inflation?
 

MikeF

Well-Known Member
Premium Member
And thats what it is about. The $$money.

NASA Is Set To Explore A Massive Metal Asteroid Called ‘Psyche’ That’s Worth Way More Than Our Global Economy

"You’re going to hear a lot more about this 140 miles/226 kilometers wide asteroid in the next few months as NASA gets closer to launching a mission of the same name, in August 2022, to study what it’s made of.

Iron? Nickel? Gold? Observations of the light reflected off it suggest one of those, which would—some casual suggestions predict—make this asteroid technically worth about $10,000 quadrillion. That’s way more than the global economy, which was worth about $84.5 trillion in 2020 according to Statista (a few trillion less than in 2019)."

https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/amp/?amp_gsa=1&amp_js_v=a9&usqp=mq331AQKKAFQArABIIACAw==#amp_tf=From %1$s&aoh=16522730184790&referrer=https://www.google.com&ampshare=https://www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/

Is it going to cost $10,000 quadrillion to access and use this 'potential' resource? The attempt might advance space travel/exploration but would leave investors with zero net gain.
 

Revoltingest

Pragmatic Libertarian
Premium Member
Without knowing anything about this beyond what you posted, that is bizarre to think about economically. Let's say they actually bring it down here safely. Ok, now all that is being converted instantly into wealth. It is no longer a hard asset, somehow. All the state debt is forgiven.. The excess enters the economy - but wouldn't it cause massive inflation?
It would cause price deflation for the materials
made massively more abundant.
But of course, the speculations about value are
far from realistic. Sure, the value would be there
if the materials were here. But they're not.
To mine an asteroid would be expensive. Are
the resources worth more than the cost of getting
them here? Very unlikely.
 

RestlessSoul

Well-Known Member
Not sure how you'd go about assigning a value to an asteroid, but I reckon the concepts of 'pulling' and 'arse' are in play here.
 

exchemist

Veteran Member
And thats what it is about. The $$money.

NASA Is Set To Explore A Massive Metal Asteroid Called ‘Psyche’ That’s Worth Way More Than Our Global Economy

"You’re going to hear a lot more about this 140 miles/226 kilometers wide asteroid in the next few months as NASA gets closer to launching a mission of the same name, in August 2022, to study what it’s made of.

Iron? Nickel? Gold? Observations of the light reflected off it suggest one of those, which would—some casual suggestions predict—make this asteroid technically worth about $10,000 quadrillion. That’s way more than the global economy, which was worth about $84.5 trillion in 2020 according to Statista (a few trillion less than in 2019)."

https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/amp/?amp_gsa=1&amp_js_v=a9&usqp=mq331AQKKAFQArABIIACAw==#amp_tf=From %1$s&aoh=16522730184790&referrer=https://www.google.com&ampshare=https://www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/
Of course it's not about money.

The article itself, once you've got past the clickbaity headline, explains it's about examining a relic of the metallic core of an early planet.

As to its "value", @MikeF hits the nail on the head. It's FOB value may be quadrillions, but on a delivered basis it is likely to be nil. The costs of reaching this thing with a mining machine, detaching portions and returning them to Earth, at a suitably low velocity to land them, would be vast.
 

ChristineM

"Be strong", I whispered to my coffee.
Premium Member
And thats what it is about. The $$money.

NASA Is Set To Explore A Massive Metal Asteroid Called ‘Psyche’ That’s Worth Way More Than Our Global Economy

"You’re going to hear a lot more about this 140 miles/226 kilometers wide asteroid in the next few months as NASA gets closer to launching a mission of the same name, in August 2022, to study what it’s made of.

Iron? Nickel? Gold? Observations of the light reflected off it suggest one of those, which would—some casual suggestions predict—make this asteroid technically worth about $10,000 quadrillion. That’s way more than the global economy, which was worth about $84.5 trillion in 2020 according to Statista (a few trillion less than in 2019)."

https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/amp/?amp_gsa=1&amp_js_v=a9&usqp=mq331AQKKAFQArABIIACAw==#amp_tf=From %1$s&aoh=16522730184790&referrer=https://www.google.com&ampshare=https://www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/

It is actually worthless unless it can be parked in a stable, accessible earth orbit, the technology to mine it can be developed and the cost of getting miners/equipment up there and the ore back to earth total less than the value of earth sourced ore
 

Revoltingest

Pragmatic Libertarian
Premium Member
Of course it's not about money.

The article itself, once you've got past the clickbaity headline, explains it's about examining a relic of the metallic core of an early planet.

As to its "value", @MikeF hits the nail on the head. It's FOB value may be quadrillions, but on a delivered basis it is likely to be nil. The costs of reaching this thing with a mining machine, detaching portions and returning them to Earth, at a suitably low velocity to land them, would be vast.
Far less than nil.
 

MikeF

Well-Known Member
Premium Member
It is actually worthless unless it can be parked in a stable, accessible earth orbit, the technology to mine it can be developed and the cost of getting miners/equipment up there and the ore back to earth total less than the value of earth sourced ore

I guess it's time to get a space elevator working.

Wikipedia: Space elevator - Wikipedia
 

Subduction Zone

Veteran Member
As others have pointed out, the cost of getting the materials would be prohibitive. It likely does have billions of dollars worth of gold in it. But that gold would not be concentrated. We have that here. There is gold in seawater. Just try to get it out in an economical fashion.
 

ChristineM

"Be strong", I whispered to my coffee.
Premium Member
I'm hearing there are exoplanets made of diamond.

Example
55 Cancri E is an exoplanet in the orbit of its Sun-like host star 55 Cancri A. The mass of the exoplanet is about 8.63 Earth masses and its diameter is about twice that of the Earth, thus classifying it as the first super-Earth discovered around a main sequence star, predating Gliese 876 d by a year.
It's made of diamond, imagine that rock on your ring finger
 

Suave

Simulated character
And thats what it is about. The $$money.

NASA Is Set To Explore A Massive Metal Asteroid Called ‘Psyche’ That’s Worth Way More Than Our Global Economy

"You’re going to hear a lot more about this 140 miles/226 kilometers wide asteroid in the next few months as NASA gets closer to launching a mission of the same name, in August 2022, to study what it’s made of.

Iron? Nickel? Gold? Observations of the light reflected off it suggest one of those, which would—some casual suggestions predict—make this asteroid technically worth about $10,000 quadrillion. That’s way more than the global economy, which was worth about $84.5 trillion in 2020 according to Statista (a few trillion less than in 2019)."

https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/amp/?amp_gsa=1&amp_js_v=a9&usqp=mq331AQKKAFQArABIIACAw==#amp_tf=From %1$s&aoh=16522730184790&referrer=https://www.google.com&ampshare=https://www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/

In other nearer goals, Deep Space Industries and Planetary Resources each plan to mine the 2011 UW158 asteroid, worth up to $5.7 trillion.

Perhaps taxes placed on this asteroid mining could help pay for my three quadrillion dollar plan to terraform and colonize Mars,

Please let us consider the human colonization of Mars as being a transitory solution for eluding any existential threat of global warming around Earth.

I favor having Sulfur Hexafluoride sent away to Mars where this super greenhouse gas would transform Mars into a way more comfortable place for sustaining life from Earth. Sulfur Hexafluoride could simply be transported via the Space X interplanetary transport system from Earth to Mars.

Scientists have proposed the ionization of particles emitted by the Martian moon of Phobos and accelerating the flow of these ionized particles in order to generate a magnetic field shielding the Martian atmosphere from being stripped away by solar radiation, Such a Martian magnetosphere would require roughly 100.000,000,000,000,000 joules of energy, which is comparable to the total amount of electricity consumed by everybody on Earth last year.

How to create an artificial magnetosphere for Mars - ScienceDirect

How to create an artificial magnetosphere for Mars
lR.A.BamfordaB.J.KellettaJ.L.GreenbC.DongcV.AirapetiandR.Bingham


A magnetic field enabling Martian atmospheric retention might very well be the first step towards forming a man-made biosphere that is an appreciable fraction in size comparable to Earth's biosphere. This magnetic shielding would subsequently allow the planet's atmosphere to reacquire its former density that'd be high enough to allow for sustainable surface liquid water.

A few billion Tonnes of Sulfur Hexafluoride gas (SF6) could increase Martian atmospheric surface temperatures by well over 20 degrees Celsius. Sulfur hexafluoride - Simple English Wikipedia, the free encyclopedia
Terraforming of Mars - Wikipedia

The SpaceX interplanetary transport system could deliver this super greenhouse gas to Mars at a cost of less than $2,000/kg.
https://en.wikipedia.org/wiki/SpaceX_Mar...astructure

The forming a man-made biosphere that is an appreciable fraction in size comparable to Earth's biosphere around Mars as well as on the surface of Mars (terra-forming) would create many high tech jobs, and save humanity from the existential threat of the Earth's atmospheric and terrestrial global warming . This project ( terraforming ) to make Mars a better place for human colonization there could be dubbed the "Green New Deal for humanity on Mars". Please let us agree to favor the "Green New Deal for humanity on Mars" I figure the cost of terraforming Mars would be just a few trillion dollars per year, which amounts to only a few hundred dollars annually per person.

This annual cost of a few hundred dollars per person would be totally worth transforming Mars into a world with triple its current atmospheric pressure and a warmer Mars with an average surface temperature of 270 Kelvin based on the planet Mars orbiting around the Sun with its solar surface temperature at 5,800 Kelvin.
 
Last edited:

Twilight Hue

Twilight, not bright nor dark, good nor bad.
And thats what it is about. The $$money.

NASA Is Set To Explore A Massive Metal Asteroid Called ‘Psyche’ That’s Worth Way More Than Our Global Economy

"You’re going to hear a lot more about this 140 miles/226 kilometers wide asteroid in the next few months as NASA gets closer to launching a mission of the same name, in August 2022, to study what it’s made of.

Iron? Nickel? Gold? Observations of the light reflected off it suggest one of those, which would—some casual suggestions predict—make this asteroid technically worth about $10,000 quadrillion. That’s way more than the global economy, which was worth about $84.5 trillion in 2020 according to Statista (a few trillion less than in 2019)."

https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/amp/?amp_gsa=1&amp_js_v=a9&usqp=mq331AQKKAFQArABIIACAw==#amp_tf=From %1$s&aoh=16522730184790&referrer=https://www.google.com&ampshare=https://www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/
Imagine that sucker breaking up in our atmosphere and falling to earth. Whatta gold rush that would create.
 

Suave

Simulated character
Imagine that sucker breaking up in our atmosphere and falling to earth. Whatta gold rush that would create.

Pysche 16 might be too massive to break up in Earth's atmosphere, I figure if such a massive asteroid were to impact Earth, there'd be nobody left alive to extract and utilize the asteroid's precious metals
 
Last edited:

We Never Know

No Slack
I'm hearing there are exoplanets made of diamond.

Example
55 Cancri E is an exoplanet in the orbit of its Sun-like host star 55 Cancri A. The mass of the exoplanet is about 8.63 Earth masses and its diameter is about twice that of the Earth, thus classifying it as the first super-Earth discovered around a main sequence star, predating Gliese 876 d by a year.
It's made of diamond, imagine that rock on your ring finger

It supposedly rains diamonds on a couple planets.
 

Secret Chief

nirvana is samsara
And thats what it is about. The $$money.

NASA Is Set To Explore A Massive Metal Asteroid Called ‘Psyche’ That’s Worth Way More Than Our Global Economy

"You’re going to hear a lot more about this 140 miles/226 kilometers wide asteroid in the next few months as NASA gets closer to launching a mission of the same name, in August 2022, to study what it’s made of.

Iron? Nickel? Gold? Observations of the light reflected off it suggest one of those, which would—some casual suggestions predict—make this asteroid technically worth about $10,000 quadrillion. That’s way more than the global economy, which was worth about $84.5 trillion in 2020 according to Statista (a few trillion less than in 2019)."

https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/amp/?amp_gsa=1&amp_js_v=a9&usqp=mq331AQKKAFQArABIIACAw==#amp_tf=From %1$s&aoh=16522730184790&referrer=https://www.google.com&ampshare=https://www.forbes.com/sites/jamiecartereurope/2021/12/28/nasa-is-set-to-explore-a-massive-metal-asteroid-called-psyche-thats-worth-way-more-than-our-global-economy/
My god, so what's the worth of the universe :eek:
 

Secret Chief

nirvana is samsara
In other nearer goals, Deep Space Industries and Planetary Resources each plan to mine the 2011 UW158 asteroid, worth up to $5.7 trillion.

Perhaps taxes placed on this asteroid mining could help pay for my three quadrillion dollar plan to terraform and colonize Mars,

Please let us consider the human colonization of Mars as being a transitory solution for eluding any existential threat of global warming around Earth.

I favor having Sulfur Hexafluoride sent away to Mars where this super greenhouse gas would transform Mars into a way more comfortable place for sustaining life from Earth. Sulfur Hexafluoride could simply be transported via the Space X interplanetary transport system from Earth to Mars.

Scientists have proposed the ionization of particles emitted by the Martian moon of Phobos and accelerating the flow of these ionized particles in order to generate a magnetic field shielding the Martian atmosphere from being stripped away by solar radiation, Such a Martian magnetosphere would require roughly 100.000,000,000,000,000 joules of energy, which is comparable to the total amount of electricity consumed by everybody on Earth last year.

How to create an artificial magnetosphere for Mars - ScienceDirect

How to create an artificial magnetosphere for Mars
lR.A.BamfordaB.J.KellettaJ.L.GreenbC.DongcV.AirapetiandR.Bingham


A magnetic field enabling Martian atmospheric retention might very well be the first step towards forming a man-made biosphere that is an appreciable fraction in size comparable to Earth's biosphere. This magnetic shielding would subsequently allow the planet's atmosphere to reacquire its former density that'd be high enough to allow for sustainable surface liquid water.

A few billion Tonnes of Sulfur Hexafluoride gas (SF6) could increase Martian atmospheric surface temperatures by well over 20 degrees Celsius. Sulfur hexafluoride - Simple English Wikipedia, the free encyclopedia
Terraforming of Mars - Wikipedia

The SpaceX interplanetary transport system could deliver this super greenhouse gas to Mars at a cost of less than $2,000/kg.
https://en.wikipedia.org/wiki/SpaceX_Mar...astructure

The forming a man-made biosphere that is an appreciable fraction in size comparable to Earth's biosphere around Mars as well as on the surface of Mars (terra-forming) would create many high tech jobs, and save humanity from the existential threat of the Earth's atmospheric and terrestrial global warming . This project ( terraforming ) to make Mars a better place for human colonization there could be dubbed the "Green New Deal for humanity on Mars". Please let us agree to favor the "Green New Deal for humanity on Mars" I figure the cost of terraforming Mars would be just a few trillion dollars per year, which amounts to only a few hundred dollars annually per person.

This annual cost of a few hundred dollars per person would be totally worth transforming Mars into a world with triple its current atmospheric pressure and a warmer Mars with an average surface temperature of 270 Kelvin based on the planet Mars orbiting around the Sun with its solar surface temperature at 5,800 Kelvin.
Alternatively, since we just **** places up, humans should stay on this one planet, in isolation, festering in the **** we're creating.
 
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