Like the Idea of Asteroid Mining? Be Careful What You Wish For

Raise your hand if you remember the day you first heard about asteroid "16 Psyche."  

In 2020, newspaper headlines around the world exploded with the news that NASA had discovered a "failed planet" in the asteroid belt between Mars and Jupiter. This rock tried to evolve into the metallic core of a planet, but never quite made it. Yet it is still composed primarily of dense, valuable metals -- as much as $10,000,000,000,000,000,000 worth of iron and nickel alone.

That's 10,000 quadrillion dollars. Or it may be easier to think of it as 10 million trillion dollars. Any way you say it, it's a lot of money.

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Source Fool.com