NASA cleared key hurdles that allow it to launch a spacecraft to the asteroid in October.
The asteroid is thought to be made up of gold, iron and nickel, with its value estimated at $10 quintillion.
The spacecraft will launch on a SpaceX rocket, and head to the Main Asteroid Belt between Mars and Jupiter.
Companies have a legal right to any materials mined from celestial bodies, through the 2015 US Commercial Space Launch Competitiveness Act.
In fact, Psyche is not the most valuable one, as it's surpassed by Davida, a $27 quintillion asteroid.
Organizations:
NASA, SpaceX, Service, Propulsion, Elon, Davida
Locations:
Wall, Silicon