The asteroid, dubbed 2024 YR4, has a 2.3% chance of colliding with Earth on Dec. 22, 2032, according to a NASA update on Feb. 7. This probability of impact has increased since Jan. 29 when NASA observed that the asteroid had a little over 1% chance of impacting Earth.

Astronomers have been keeping a close eye on an asteroid between 130 and 300 feet long that has a very small chance of crashing into Earth in 2032.

An asteroid becomes a meteorite when it travels to Earth from a nearby orbit or the outer solar system and collides with Earth, according to the United States Geological Survey. Small asteroids typically burn up in the upper atmosphere before ever reaching Earth’s surface to become meteorites.