For the first time ever, astronomers have detected a neutron star collision.Gravitational waves picked up by the LIGO and Virgo detectors pinpointed the source to a galaxy 130 million light-years away.The collision produced a radioactive "kilonova" that forged hundreds of Earths' worth of platinum, gold, silver, and other heavy elements.Platinum and gold are among the most precious substances on Earth, each fetching roughly $1,000 per ounce.However, their allure may grow strongerand weirderthanks to a groundbreaking new finding about their violent, radioactive, cosmic origins.On Monday, scientists who won a Nobel Prize for their discovery of gravitational waves, or ripples in the fabric of space, announced the first-ever detection of the collision of two neutron stars.The team alerted astronomers all over the world to the event, helping them point telescopes directly at the crash scene, and recorded unprecedented observations of the aftermath in visible light, radio waves, X-rays, and gamma rays.These images revealed a radioactive soup giving birth to unfathomable amounts of platinum, gold, and silvernot to mention the iodine in our bodies, uranium in nuclear weapons, and bismuth in Pepto-Bismolwhile blasting those materials deep into space.The two neutron stars likely merged to form a black hole, thoughthe tiny bit of neutron star that escaped could get recycled into planets like Earth, where creatures may eventually dig up the metals."The calculations we did suggest most of the matter that came out of this event was in a swirling disk around a black hole. Half of that matter fell in, and half of it got ejected," Brian Metzger, an astrophysicist at Columbia University one of roughly 4,000 researchers involved in the discovery, told Business Insider. "The matter that ended up in your wedding band could have just as well fallen in."Astronomers detected the merger from 130 million light-years away in the galaxy NGC 4993 on morning of August 17."This is going to have a bigger impact on science and human understanding, in many ways, than the first discovery of gravitational waves," Duncan Brown, an astronomer at Syracuse University and a member of the research collaboration, told Business Insider. "We're going to be puzzling over the observations we've made with gravitational waves and with light for years to come."When two city-size atoms collideAlbert Einstein first predicted the existence of gravitational waves a century ago, but he didn't believe they'd ever be detected due to their extraordinarily weak energies.The Laser Interferometer Gravitational-Wave Observatory (LIGO) in the US defied Einstein in November 2015, when it "heard" the elusive phenomenon for the first time and provedits existence. Europe's new Virgo gravitational wave detector has also come online since then and worked with LIGO to make this fifth detection possible.Yet unlike the four previous events, the latest one wasn't created by colliding black holes. Its signal was weaker, closer to Earth by hundreds of millions of light-years, and lasted 100 seconds as opposed to 1 second.Brown and others think the new gravitational wave signal, dubbed "GW170817", is revolutionary because it provides clues about how the heaviest elements found on Earth formed in space. Iron and lighter elements, for example, are thought to form in giant stars that explode as supernovasblasts that are brighter than billions of suns."Some of the heavy elements are made in supernova explosions, but it turns out this can't explain the abundances," Brown said. "They didn't appear to be coming from supernova explosions, and so people have wondered for a long time where they came from."Researchers eventually hypothesized that pairs of colliding neutron stars could do the trick.Most stars in the universe form in pairs, and the same is true of massive stars. Unlike the sun, however, big stars become supernovas when they die. And atthat point, their own gravity crushes them into one of two forms: a black hole (if they're heavier than about three suns) or a neutron star (if they're between about 1.5 and three suns' worth of mass).The latter is essentially one big atomic nucleus, since its gravity is powerful enough to squash all the particles together into an orb roughly the width of a metropolitan cityjust one teaspoon weighs billions of tons."You smash these two things together at one-third the speed of light, and that's how you make gold," Brown said. "Turns out it's not the Philosopher's Stone, it's not the things alchemists were looking at thousands of years ago."100 Earths of gold forged in 1 secondMetzger was among the first to seriously explore how this could happen.He said a neutron star merger is a "messy process" that spills some of the stars' guts into space, like "squeezing a tube of toothpaste" and accelerates those particles to a fraction of the speed of light while heatingthemto 10 million degrees."If you just ejected all of this stuff and it did nothing, it'd get extremely cold and we'd never be able to see it," Metzger said, though that's not what happened on August 17, of course."The heaviest elements, you can't create them through nuclear fusion in a star. The way you form them is through neutron-capture," Metzger said.The process, known appropriately as the rapid process (or r-process),goes like this: As the two neutron stars spiral toward each othereach about 1.4 times the mass of the sunthey shed high-energy neutrons. Those neutrons smash into each other while moving outward, building giant atomic cores. But huge super-atoms are unstable, so they almost immediately break apart and decay into smaller atoms.The same thing happens in nuclear reactors, which bombard uranium with neutrons to form the heavier element plutonium. A neutron star merger performs the r-process on a cosmic scale, bleeding off enough radioactive energy from decaying super-atoms to be visible from millions of light-years away.In 2010, Metzger coined this flash of radioactive light a "kilonova" because calculations showed it'd be dimmer than a supernova yet about 1,000 times brighter than a nova (a flash that occurs when a star is born).Scientists have seen what they suspected were kilonovas before, but couldn't confirm the masses of the two objects as happened with GW170817.Their observations of the recent kilonova revealed a striking tally of materials created: 50 Earth masses' worth of silver, 100 Earth masses of gold, and 500 Earth masses of platinum.The gold alone is worth about 100 octillion dollars at today's market price, according to Metzger, or $100,000,000,000,000,000,000,000,000,000 written out (1 followed by 29 zeroes)."You'd need Captain Kirk to go and get it for you, though, so we're not in any danger of disrupting the market right now," Brown said.A new era of astronomy is beginningIn the worldwide call to arms on August 17, and in the days and months that followed, more than a third of all astronomers on the planet stepped up to help analyze and make sense of the event.Vicky Kalogera, a member of the LIGO collaboration and an astrophysicist at Northwestern University, said she was one of nine people who wrote the main research study about the discovery. The writing process took the team two weeks of 12- to 16-hour international conference calls with hundreds of people from 910 institutions. The printed list of 4,000-or-so authors runs 28 pages long."It was the hardest thing I've ever had to do in my life," Kalogera told Business Insider, and added that more discoveries are on the way."These are rare events. For a galaxy like the one we're observing, it's somewhere between 30 and 470 neutron star mergers per million years," Kalogera said. "But LIGO is not sensitive only to this particular galaxy. We should see a few per year, because we're listening to millions of galaxies."Brown said LIGO entered a planned year-long upgrade shortly after the experiment detected GW170817. (LIGO was last booted up in November 2016 and ran through August 2017.)After the new work is finished in 2018, he said, LIGO should have a 50% boost in rangeallowing it to gaze another 500 million light-years deeper into space and time. And in the early 2020s, a Japanese detector called KAGRA and perhaps an Indian detector will join forces to listen to even more of the universe.Researchers hope these improvements will reveal the secrets of a nearby supernovaperhaps Betelgeuse, which could explode at any moment."In some sense, this is the next big undiscovered country for gravitational waves," Brown said. "But we're only at the beginning of gravitational-wave astronomy, and we've been rewarded with these incredible discoveries."SEE ALSO:Scientists have cracked one of Einstein's greatest mysteries ' now a bizarre new form of astronomy is emergingDON'T MISS:Physicists are listening for these 7 mysterious phenomena in space using gravitational wavesJoin the conversation about this storyNOW WATCH: Scientists won the Nobel Prize for detecting gravitational waves ' here's why that matters Click here to read full news..