You may think asteroids are simply floating rocks in space and while it may seem so due to their appearance, it isn't quite the case. These space rocks can be classified into 3 types based on their structural composition. The most commonly found asteroids are S-type, which are made up of carbon-rich substances. On the other hand, S-type asteroids are made up mainly of silicate minerals and are less common. M-type asteroids are the least prevalent and they are primarily composed of metal. NASA recently sent out a mission to a metal-rich asteroid called 16 Psyche which is supposedly worth more than the whole planet's economy put together, at a staggering $10 quintillion!
In a separate development, NASA has issued details about an asteroid that is expected to make its closest approach to Earth today.
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NASA, with the help of its advanced ground and space-based telescopes, has tracked a mammoth asteroid whose orbit will bring it very close to Earth today. As per the Center for Near-Earth Object Studies (CNEOS), an asteroid, given the designation of Asteroid 1998 HH49, is on its way toward Earth and could make its closest approach to the planet today, October 17.
This near-Earth space rock is expected to make its closest approach to the planet at a distance of just 1.1 million kilometers and at a speed of 53233 kilometers per hour which is much faster than Intercontinental Ballistic Missiles (ICBMs)! It is important to note that while it has been termed as a Near-Earth Asteroid due to its close distance of passing, it is not expected to actually impact the planet.
It belongs to the Apollo group of Near-Earth Asteroids, which are Earth-crossing space rocks with semi-major axes larger than
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