SoylentNews is people
SoylentNews
Psyche 16 may not be solid metal, after all. News at Phys.org:
The widely studied metallic asteroid known as 16 Psyche was long thought to be the exposed iron core of a small planet that failed to form during the earliest days of the solar system. But new University of Arizona-led research suggests that the asteroid might not be as metallic or dense as once thought, and hints at a much different origin story.
Scientists are interested in 16 Psyche because if its presumed origins are true, it would provide an opportunity to study an exposed planetary core up close. NASA is scheduled to launch its Psyche mission in 2022 and arrive at the asteroid in 2026.
UArizona undergraduate student David Cantillo is lead author of a new paper published in The Planetary Science Journal that proposes 16 Psyche is 82.5% metal, 7% low-iron pyroxene and 10.5% carbonaceous chondrite that was likely delivered by impacts from other asteroids. Cantillo and his collaborators estimate that 16 Psyche's bulk density—also known as porosity, which refers to how much empty space is found within its body—is around 35%.
These estimates differ from past analyses of 16 Psyche's composition that led researchers to estimate it could contain as much as 95% metal and be much denser.
Wikipedia entry on 16 Psyche.
Precipitated a collapse of other unknown psyche things, like cryptocurrency.
Journal Reference:
David C. Cantillo, et al. Constraining the Regolith Composition of Asteroid (16) Psyche via Laboratory Visible Near-infrared Spectroscopy - IOPscience, The Planetary Science Journal (DOI: 10.3847/PSJ/abf63b)
(Score: 2) by Immerman on Saturday June 12 2021, @03:05PM
I think I've heard that Starship shoulod be able to land with a sizeable fraction of its launch payload, possibly all of it. But even only 10% would be 10 tons, so still hundreds of millions of dollars worth of gold, with estimated launch costs (once optimized) in the single-digit millions... so like I said, the gold would be worth hundreds of times the launch cost. Possibly pushing thousands of times if it could land with the full payload. But like I said, the Starship is probably the dumb/expensive way to bring stuff to Earth - you don't need launch capability in a aerobraking landing system.
As for reducing the value by oversaturating the market - sure, that'd absolutely happen eventually, but you could probably increase the supply by at least 10% before you started seeing dramatic changes, which would be about 24,000 tons. Enough to fund a whole lot of development. Not to mention gold is one of the less valuable metals that could be brought back - platinum is about the same price, and has LOTS of industrial applications. And then there's the whole spectrum of exotic metals that make those look cheap, and would have all sorts of potential uses if they were available in large quantities at lower prices.
I suspect that will more than suffice to fund the expensive initial development, and once the industry is mature less expensive resources like lithium, cobalt, and various industrially valuable "rare earths" are likely to become profitable to send back.