The 2024 YR4 asteroid, which is nearly the size of a football field, now has roughly a 0.004% chance of hitting Earth in about eight years, according to the space agency's latest calculations. The Center for Near-Earth Object Studies previously projected a 3% chance of the asteroid striking our planet before lowering the chance to 0.28% last week.

Initially, the odds of a collision in 2032 were as high as 3 percent, making it a top concern on global asteroid risk lists.

Chances an asteroid may hit Earth in 2032 dropped to near zero, astronomers say. Here's what to know about 2024 YR4.

YR4 has now been reassigned to Torino Scale Level Zero, the level for 'No Hazard' as additional tracking of its orbital path has reduced its possibility of intersecting the Earth to below the 1-in-1000 threshold.

YR4 has a very small chance of striking Earth when its orbit briefly intersects our planet's in December 2032.