January 18, 2017 8:47 AM

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NASA approves mission to explore iron-rich asteroid "16 Psyche"

NASA has approved a mission to explore 16 Psyche, an iron-rich asteroid whose contents are said to be worth over 100-thousand times the value of the entire world economy. <br/><br/>The mission, proposed in 2014, would send a NASA spacecraft to Psyche, running tests to learn more about the history and composition of the celestial body. That information will undoubtedly be interesting to space fans and useful to astronomers, but the financial implications of a mission to Psyche are what appear to be most compelling.<br/>Psyche is an asteroid with a diameter in excess of 125 miles, about the same size of the state of Massachusetts, and is almost entirely composed of iron and nickel.

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