If you keep up with space discoveries, you may have heard of an asteroid that is worth $10 quintillion.

Yes, you read correctly. It comes to a total of $10,000,000,000,000,000,000.

This asteroid’s metal composition is extremely unusual, in contrast to most asteroids that are composed of rock and ice.

The precious asteroid known as 16 Psyche is believed to be composed primarily of metals resembling those in the Earth’s core, such as iron and nickel. There’s even a possibility that it contains gold.

The current state of the world economy might be completely changed if we could only mine a small portion of its metals.

Scientists used the James Webb Space Telescope (JWST) to find psyche.

But according to NASA, the US space agency, the asteroid seems to be rusting.

Researchers discovered rust on the surface, which may indicate that Psyche is “hydrated.”

There has previously been evidence of water on Psyche.

Scientists first observed signs of water molecules on the surface of the asteroid back in 2017.

“Spectra from the infrared region, at long wavelengths that we perceive as heat but can’t see’ showed signs of hydroxyl molecules (OH), which form part of water,” Live Science reported.

These results imply that Psyche may include trace amounts of water in the form of ice or hydrated minerals, albeit they are not entirely conclusive.

With the aid of JWST, scientists now possess additional proof that the metal on Psyche’s surface is interacting with hydroxyl groups, ultimately producing a ‘rust’ effect.

This metal-rich asteroid has long piqued NASA’s curiosity, which is why the Psyche mission was launched on October 13, 2023. By 2029, the NASA Psyche probe is expected to reach the asteroid, enabling researchers to examine the asteroid’s composition in greater detail.

According to Live Science, the project “aims to find crucial clues about the formation of our solar system’s planets.”

Researchers believe its outer metal layers to be the remains of a “failed planet.”