A huge solar storm is coming and could cost $20 trillion in damage

Updated

Solar storms are known to disrupt satellite and radio communications, but scientists now say that one extreme space weather event could cause “doomsday” on Earth.

Researchers from the Harvard-Smithsonian Center for Astrophysics say that a large space weather event could even occur in the next 10 years.

The event could cause global technological damage costing $10 trillion dollars.

See some of the wildest solar flares captured

The scientists told Gizmodo that, within 150 years, the same event could cost $20 trillion dollars.

This is because, as our technology development advances, we will actually become more susceptible to these types of space weather events.

In 1859, a massive geomagnetic superstorm, known as the Carrington event, hit Earth and disrupted radio communication on the ground.

Scientists are now proposing a “magnetic deflector” to block harmful blasts from the sun.

This would cost around $100 billion dollars to create, but that's way less than the damage costs we may incur without it.

RELATED: The best photos from the Total Solar Eclipse

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