An asteroid spotted last year that was said to have a 1 in 500 chance of hitting Earth in 2040 is now even less likely to impact the blue planet, like was similarly depicted in the popular 1998 flick “Armageddon.”

Space.com reported a new study found the 460-foot-wide asteroid called AG5 will bypass Earth completely.

Study Finds AG5 Asteroid Will Miss Earth and Not Hit in 2040

The asteroid circled in yellow was previously thought to be on a direct path for Earth when it was identified. New studies have said it will miss the planet completely. (Image: Gemini Observatory via Space.com.)

More specifically, Space.com went on to note the asteroid is expected to miss the planet by 550,000 miles — that’s twice the distance between Earth and them moon.

This study confirms a previous one that came to similar conclusions earlier this year.

Study Finds AG5 Asteroid Will Miss Earth and Not Hit in 2040

Location of AG5 as of June 15,2012. (Image: NASA/JPL-Caltech via Space.com)

“These were extremely difficult observations of a very faint object,” Richard Wainscoat, a member of the team of researchers that monitored 2011 AG5 said in a statement, according to Space.com. “We were surprised by how easily the Gemini telescope was able to recover such a faint asteroid so low in the sky.”

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Featured image via Shutterstock.com.

(H/T: MSNBC)