NASA estimates 4,700 'potentially hazardous' asteroids May 17, 2012 -- Updated 0029 GMT (0829 HKT) This image, taken by NASA's Near Earth Asteroid Rendezvous mission in 2000, shows a close-up view of the asteroid Eros. "It's not something people should panic about," astronomer says The figure released Wednesday is lower than previously thought The estimate uses data from an orbiting infrared telescope (CNN) -- About 4,700 asteroids are close enough and big enough to pose a risk to Earth, NASA estimated Wednesday after studying data beamed back from an orbiting telescope. The figure -- give or take 1,500 -- is how many space rocks bigger than 100 meters (330 feet) across are believed to come within 5 million miles (8 million km) of Earth, or about 20 times farther away than the moon. "It's not something that people should panic about," said Amy Mainzer, an astronomer at NASA's Jet Propulsion Laboratory in California. However, we are paying attention to the issue. NASA defines a potentially hazardous asteroid as one large enough to survive the intense heat generated by entry into the atmosphere and cause damage on a regional scale or worse. The figure released Wednesday is lower than a previous rough estimate had projected, but more are now thought to be in orbits inclined like Earth's, making them more likely to cross its path. Read more space and science news at CNN.com's Light Years blog Mainzer said asteroids in orbits pitched at a similar angle offer not only a hazard, but also an opportunity. They would be easier for spacecraft to reach. "They're a population of interest, and we want to keep an eye on them," she said. NASA says a 40-meter asteroid would strike the Earth with an impact comparable to a 3-megaton nuclear bomb. A 2-km asteroid striking Earth "would produce severe environmental damage on a global scale," the space agency estimates, but an impact of that magnitude isn't likely to occur more than twice per million years. The estimate comes from infrared scans of the cosmos by the 16-inch WISE telescope, which was launched in December 2009. The instruments aboard the satellite allowed scientists to spot close-in asteroids by picking up the heat they emit, Mainzer said. Threat? One company wants to mine asteroids "It allows us to find the very dark asteroids, the ones that are more like a piece of coal and than shiny pavement," she said. We can also tell the difference between an asteroid that's very large and very dark and a small one that's very shiny. Mainzer said between 20% and 30% of the estimated 4,700 potentially hazardous objects have been discovered so far.