The threat of a newly discovered asteroid has risen slightly in the past few weeks, as the world’s telescopes rush to track its course. But the chance of an impact is still quite slim. New calculations suggest there's a 2% chance the space rock 2024 YR4 will smack Earth in 2032.

Even the smallest odds of an impact sound alarming, but scientists’ ability to calculate them is actually good news.

There is an estimated 2.3% chance that the 2024 YR4 asteroid is heading our way. Here's everything you need to know about the space rock - including how much damage it could actually cause.