"An asteroid this size impacts Earth on average every few thousand years and could cause severe damage to a local region," the European Space Agency said.

The space rock caused quite a stir after astronomers first spotted it last year on a trajectory bringing it uncomfortably close to Earth in 2032.

“NASA analysis drops asteroid 2024 YR4's impact probability to 0.004%, meaning it is expected to safely pass by Earth in 2032,” NASA’s Planetary Defense Coordination Office posted on X Monday. The European Space Agency shared a similar risk assessment of its own Tuesday, finding that the probability was .001%.