The likelihood of asteroid 2024 YR4 striking Earth has decreased to 1.5%, down from 2.6%, but NASA and other space agencies are still planning for the possibility.

The asteroid, estimated to be 130-300 feet wide, poses a risk to Earth in December 2032, potentially threatening 110 million people.

While the chance of impact remains low, NASA and the European Space Agency are closely monitoring its path, with observations scheduled for March and 2028, Fox News has reported.

Although the asteroid is only a Level 3 threat, it could cause localized destruction if it were to strike.

Written by B.C. Begley