Platinum Asteroid Worth £3 Trillion To Pass Earth On Sunday

An asteroid believed to be carrying up to 90 million tons of platinum in its core, along with other rare and precious materials, is about to pass our planet.

The platinum-rich asteroid worth about £3.5 trillion ($5.4 trillion) is officially named 2011 UW158. It is 452 meters by 1,011 meters in size and will pass Earth at a distance of an estimated 2.4 million kilometers, according to the Goldstone Radar Observatory. It will be 30 times closer to Earth than the closest planet of the Solar system.

The space rock has attracted the attention of asteroid mining company Planetary Resources, because it is thought to have a core of platinum that the company might one day want to exploit

The Slooh Community Observatory is undertaking a project, which links powerful telescopes to the internet for public use and they will be broadcasting images of the mineral-rich asteroid live on their website from an observatory in the Canary Islands.

You will be able to watch UW158 live from 11pm UK time (6.30pm ET) at  Slooh’s Live Stadium

RT reports: The proximity of asteroid’s orbit to Earth has already put it on the ‘wish list’ for future robotic mining missions. According to different estimates, it might contain ore of precious metals and other minerals worth from $300 billion, to an incredible $5.4 trillion.

The composition of asteroid 2011 UW158 has been established with the help of spectrometers measuring the intensity of light reflected from an object.

The broadcast from Slooh will include commentary from network’s host Eric Edelman and Slooh astronomer Bob Berman about the asteroid itself and the “lucrative material it harbors.”

“It’s always fun when an asteroid whooshes past our world,” Berman said in a Slooh announcement. “What makes this unusual is the large amount of platinum believed to be lurking in the body of this space visitor. Can it be mined someday, perhaps not too far in the future?”

The so-called Planetary Resources group, an asteroid mining venture with financial backing from Google bosses Eric Schmidt and Larry Page, as well as British billionaire Richard Branson, defines asteroids like UW-158 as suitable for mining ‘X-type,’ having catalogued dozens of similar prospective targets across the solar system.

On Thursday, the company launched their first demonstration of the Arkyd 3 Reflight (A3R) vehicle from the International Space Station’s Kibo airlock – to test technologies for mining asteroids.

The vehicle was delivered to the ISS aboard the SpaceX Falcon 9 in April. During its 90-day orbiting mission, the vehicle will be sending data to a group of scientists based at the firm’s headquarters in Redmond, WA.