There's an asteroid worth $11 trillion located near Earth

A new study has detailed an asteroid that could potentially contain $11 trillion worth of precious metals, and it's near Earth.

1 minute & 6 seconds read time

Reports are indicating that one of two asteroids located near Earth may contain $11 trillion worth of precious metals that could be harvested in the future.

There's an asteroid worth $11 trillion located near Earth 01

A new study published in The Planetary Science Journal details an asteroid dubbed 1986 DA, and according to the researchers behind the study, the asteroid may contain $11.65 trillion worth of precious metals. The paper states that the asteroid may be a target for "for asteroid mining in the future." Space mining will be a massive industry when it becomes accessible, as retrieving valuable resources from the abundance of space will assist human civilization into unlocking new technology.

However, humans still have quite some time before that becomes and a reality. When humans have begun to colonize other planets such as Mars and have the tools to mine space rocks, asteroids such as 1986 DA and others like it will become valuable prospects for colonies that are lacking in certain resources such as metals.

The researchers wrote the study, "Our analysis shows that both near-Earth asteroids (NEAs) have surfaces with 85% metal such as iron and nickel and 15% silicate material, which is basically rock. These asteroids are similar to some stony-iron meteorites such as mesosiderites found on Earth."

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Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science, space, and artificial intelligence news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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