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NASA wants to uncover the mystery behind the asteroid “16 Psyche.” that may contain a priceless treasure trove of minerals. “We’ve been to all the different planets, we’ve been to other asteroids. But we’ve never visited a body that has been made of entirely metal,” said Carol Polanskey, project scientist for the Psyche mission. Now NASA, led by researchers at Arizona State University, plans to send an unmanned spacecraft to orbit 16 Psyche – an asteroid roughly the size of Massachusetts, made of iron and other precious metals. The mission’s leader estimates that the iron alone on today’s market would be worth $10,000 quadrillion.
Previously: NASA Selects Two Missions to Visit Asteroids
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NASA Asteroid Mission -- Metals "Worth" Ten Thousand Quadrillion Dollars
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It's raisins that make Post Raisin Bran so raisiny ...
(Score: 2, Informative) by Anonymous Coward on Friday January 20 2017, @04:05AM
> > the iron alone on today’s market would be worth $10,000 quadrillion.
> Come on, the market price would collapse long before that much iron could be sold.
Therefore, today's market, not after mining some or all of it market...
(Score: 2) by Osamabobama on Friday January 20 2017, @10:19PM
...so the book value is $10,000 quadrillion. I see a bubble waiting to inflate. Later, after the market price collapse, regulators will require company reports to restate value in line with then current market value. Investors will lose billions, but the founders will remain rich, lauded as visionaries.
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