3 Not-So-Obvious Stocks for the "New Space Race"
Did you know the U.S. is planning a trip to an asteroid that contains enough metal to make everyone on Earth a billionaire?
Psyche 16 is in the asteroid belt between the orbits of Mars and Jupiter, and is made pretty much of solid metal. One scientist estimates it contains 10 thousand quadrillion dollars' worth of iron alone. NASA's unmanned mission is planning to reach Psyche by 2026 and, unfortunately, it's a research trip only and it will not be bringing back all that metal for us.
While we won't all become billionaires from Psyche 16, the resources contained in that single asteroid do point out all the benefits and riches that could await us in space, including as close our very own moon. It also helps explains why forward-thinking companies and billionaires the world over are already joined up in what I call the "New Space race."
Source Fool.com
