The giant asteroid has been estimated to approach Earth in the next several hours. Asteroid 388945 (2008 TZ3) is projected to "dangerously" approach Earth in the next few hours but with an estimated safe passage on our planet's orbit this coming weekend.
There was an initial probability of 0.026% chance of the asteroid hitting Earth on May 6. An asteroid known as 2009 JF1 with the size of the Great Pyramid of Giza is still likely to impact Earth on Friday, May 6.