An asteroid with an estimated worth of $10 quintillion could shed light on the formation of the solar system.

The valuable piece of space debris, which is floating in our solar system’s asteroid belt between Mars and Jupiter, is worth $10,000,000,000,000,000,000.

That is five million times more than the UK’s £2 trillion GDP, and 10,000 times more than the 2019 global economy.

At approximately 140 miles in diameter – approximately one quarter the length of the entire United Kingdom – the asteroid is one of the largest objects in the belt.

The reason this particular asteroid, which is classified as 16 Psyche, is worth so much is that it is composed almost totally of iron and nickel.

Most asteroids are predominantly rocky or icy, with some having a slight degree of metal. Few have been seen that are almost totally comprised of the precious material.

Studying this particular asteroid could reveal the secrets of the solar system, and provide the opportunity to study an object that is akin to the inside of planets like Earth.

Unlike the Earth’s crust and mantle, which has a high mineral composition, the planet’s core is made almost completely of metal - specifically, iron and nickel.

“Psyche could be unique in that it might be an asteroid that is totally made of iron and nickel,” Southwest Research Institute planetary scientist Dr. Tracy Becker said.

“It’s possible that as a Psyche protoplanet was forming, it was struck by another object in our solar system and lost its mantle and crust.”

Psyche, and other asteroids like it, are considered to be the building blocks of the solar system, Dr Becker said.

It is possible that the entire surface of the asteroid is made of iron, however scientists have expressed doubts about that fact.

“We were able to identify for the first time on any asteroid what we think are iron oxide ultraviolet absorption bands,” Dr Becker said. “This is an indication that oxidation is happening on the asteroid, which could be a result of the solar wind hitting the surface.”

Iron has been observed on the asteroid’s surface by measuring it using ultraviolet wavelengths, but Dr Becker noted that even a small amount of iron could dominate these observations.

The asteroid seemed even more reflective at deeper wavelengths.

“This is something that we need to study further,” she said. “This could be indicative of it being exposed in space for so long. This type of UV brightening is often attributed to space weathering.”

The  study, “HST UV Observations of Asteroid (16) Psyche”,  is published in the Planetary Science Journal.

Nasa is preparing to explore the asteroid via the launch the spacecraft Psyche in 2022.

It aims to understand whether Psyche is a core, or unmelted material, as well as charting the topography of the asteroid and determine how it was formed in comparison to the Earth.

“Keep your dreams alive. Understand to achieve anything requires faith and belief in yourself, vision, hard work, determination, and dedication. Remember all things are possible for those who believe.” – Gail Devers

This past week (February 22) marked the one year anniversary of our e-book’s launch. Over the past year, Simplify. 7 Guiding Principles to Anyone Declutter Their Home and Life has sold over 2,600 copies and it continues to sell every single day. Its launch was truly a life-changing experience.

And it continues to be the evidence of a dream fulfilled.

For nearly 35 years of my life, I wanted to write a book… to be an author. Selfishly, I wanted the pride that I associated with having my name written on a book’s cover. Unselfishly, I wanted to provide valuable inspiration to others… in a form that could far outlive me.

And given the fact that I wanted to write a book that people actually read, Simplify has indeed become the tangible realization of a lifelong dream. Actually, this past year has been defined by the fulfillment of a number of lifelong dreams:

• Dream: Spend more time with my family. Accomplished by finding minimalism.
• Dream: Write a book. Accomplished in February, 2010. Again in August, 2010.
• Dream: Run a marathon. Finished in May, 2010. Time: 4:31.
• Dream: Save Financial Emergency Fund: Accomplished in November, 2010.

I’ve discovered over the past year that dreams come in all shapes and sizes. But their fulfillment is almost always found in the same 7 steps…

1. Select a dream to fulfill. Some of us have so many dreams swirling in our minds, we don’t know where to start… while others of us are unable to put our finger on even one. Whether the decision be to write a book, run a marathon, buy a home, or find true love, fulfillment always starts with the intentional identification of one single goal and the heartfelt conviction to accomplish it. Take some time. Pick one. And then, set out to accomplish it.

2. Believe it is achievable. Unfortunately, too many people will never accomplish their dreams because they simply refuse to believe in themselves. Optimism is absolutely required for dream fulfillment and life enjoyment. If you don’t have natural self-confidence, make finding it your first dream to accomplish. I suggest, “A Helpful Guide to How to Be More Confident” If you do have self-confidence, begin to specifically direct it towards your chosen goal.

3. Ask for help. People have gone before you. Learn as much as you can from them. When I decided to run a marathon, I read How to Run Your First Marathon and talked to my co-worker Carole almost every single week. When I decided to write an ebook, I talked to Jeramiah (technology), Martha (editing), and Jana (title/outline). Each had information that I needed and played a significant role in helping me accomplish my dreams. Don’t let your pride be the one obstacle that keeps you from them. Instead, humble yourself and ask for help.

4. Adjust your life as necessary. By definition, if you have not accomplished your dream yet, you’ll need to adjust your lifestyle to accomplish it. And while some of the adjustments may be major, they always start small:

• Running a marathon starts with running one mile.
• Writing a book starts with deciding on a subject.
• Clearing your home of clutter starts with cleaning one drawer, closet, or room.
• Losing 50 pounds starts with changing one meal.
• Buying a home starts with saving one dollar.

Fulfilling your dreams will require you to change your lifestyle – one small step at a time. And while there may be a large number of steps to take, the good news is that the first one is completely achievable… and so is the second…

5. Set a deadline. Deadlines force our hand and call us to action. Therefore, it is absolutely essential to pick a realistic timeline and get moving. Buy a home in the next 3 years. Fix your marriage in the next year. Lose 20 pounds in the next 6 months. Or start a blog in the next 30 days. Find a calendar, a red marker, and a day. Go ahead, circle it. After all, a dream without a deadline is just a wish.

6. Tell others. I have found limitless encouragement by sharing my dreams with others. The number of people cheering for me automatically doubles. Soon, it triples. Suddenly, I’m not just trying to let myself down, but I’m trying to not let my friends down as well. And the cost of failure has just increased.

7. Stay focused. By nature, dreams will require perseverance. There will be successes and failures along the way. Those who persevere through the failures will accomplish their dreams. Those who give up will return to step #1. And if you’ve gotten this far, why would you want to start over? Instead of allowing failures to kill your dreams, use them to refocus you and your resolve.

On a side note, I realize all too well that the circumstances of life ebb and flow. I humbly recognize that the positive circumstances of my life this past year have allowed these dreams to be accomplished. One major illness, accident, or misstep could have derailed any of them listed above. If you currently find the circumstances of life derailing you from reaching your dreams, let me encourage you. Don’t lose hope. Just redirect your dreams.

In the comment section, I’d be interested to hear if you can specifically identify with any of these seven steps. Are their goals in your life that you are working to accomplish? If so, what are they? And which of the steps above are you currently working towards?