NASA Mission to Explore Iron-Rich Asteroid 16 Psyche

The National Aeronautics and Space Administration (NASA) has approved a mission to explore 16 Psyche, an iron-rich asteroid. As part of the mission, NASA craft will be launched in 2023, and will arrive at Psyche in 2030. The mineral contents on the asteroids are worth over 100-thousand times the value of the entire world economy.
 
Psyche asteroid has diameter in excess of 125 miles and is almost entirely composed of iron and nickel.

 Astronomers also believe Psyche to contain water, making it a possible candidate for a stellar fuel station, as water can be used to sustain life and synthesize rocket fuel.
 

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