Falling money from the sky is real: A $ 700 billion gold meteorite is flying 750 million kilometers from Earth.

This meteorite is called Psyche-16, made of solid gold worth up to $ 700 billion, or $ 700 billion. This amount of gold is enough to 'give away' to every person on Earth nearly 1,000,000,000,000 USD - 1 trillion USD.

This gold block flies in the asteroid belt between Mars and Jupiter, about 200 km wide. While other planets contain only gas and rock, the Psyche-16 contains precious metals including gold, silver and nickel. Precisely because of this, the Synthesis-16 has the potential to become a driving force for a space mining race.

Does this giant gold block really exist in the universe?

To answer this question, NASA said, it is planning to prove its existence, the project will start in 2022.

Professor John Zarnecki, president of the Royal Astronomical Society, said it would take 25 years to obtain evidence that the meteorite exists.

When can we extract gold from that large meteorite?

To answer this billion-billion-dollar question requires participation of many industries, such as space travel and rocket research, the mining industry .

Professor John Zarnecki thinks it takes 50 years, after proving it exists, to start operating the gold mining line on this meteorite. This will be a new explosion in the mining industry.

In order for this project to succeed, there are two important factors, one is the economic potential of any party involved and the advancement of astronaut technology. Not only the US and other economic powers also looked at this gold meteorite and cooked their own intentions.

The Psalm-16 may be the target of the current space travel industry, a temporary stop for the endless journey of discovery.

What is the current meteorite mining market?

According to calculations by Allied Market Research (AMR), by 2025, the estimated market value of meteorite mining will reach USD 3.8 billion. The benefits of making space for precious metals are getting more and more attention.

Not only Psyche-16, many other mineral-rich meteors in the asteroid belt in our Solar System are also in sight. For example, a meteorite with a length of 200 meters and the calculated amount of platinum on it is worth $ 30 billion.

Who will be the first to 'touch' the floating money?

In this new mining race, China claims to be in the upper hand and they have a reason to boldly assert it.

The United States focuses more on space exploration and scientific missions.

With the ambition of mining on the Moon, European Space Agency ESA cooperated with ArianeGroup, the parent company of Arianespace, to realize the mission of the Moon in 2025.

Since 2016, Luxembourg - a small country but one of the most powerful centers in Europe, has witnessed the emergence of 10 new space mining companies. Some of them aim at meteorites flying around the Earth, the rest eyeing the Moon.

iSpace, a Japanese private enterprise in space, also plans to launch the moon satellite in 2020, and is expected to land on the surface in 2021. Japan has also successfully landed a visit. probe down the meteorite surface in September 2018.

Touching the billion-dollar gold block from this 750 million kilometer Earth is ambitious for many countries, the winner will hold the largest gold in the Universe.