Based on preliminary calculations of its orbit, astronomers have deduced that it came from the general direction of Vega, the brightest star in the northern constellation of Lyra. Traveling at a whopping speed of 95,000 km/hour (59,000 mph), `Oumuamua would have left the Vega system about 300,000 years ago. However, it is also possible that the asteroid may have originated somewhere else entirely, wandering the Milky Way for millions of years.
Astronomers estimate that interstellar asteroids like `Oumuamua pass through the inner Solar System at a rate of about once a year. But until now, they have been too faint and difficult to detect in visible light, and have therefore gone unnoticed. It is only recently that survey telescopes like Pan-STARRS have been powerful enough to have a chance at detecting them.
Hence what makes this discovery so significant in the first place. As the first asteroid of its kind to be detected, further improvements in our instruments will it make it easier to spot the others that are sure to be on the way. And as Olivier Hainaut - a researcher with the ESO and a co-author on the study - indicated, there's plenty more to be learned from `Oumuamua as well:
“We are continuing to observe this unique object, and we hope to more accurately pin down where it came from and where it is going next on its tour of the galaxy," he said. "And now that we have found the first interstellar rock, we are getting ready for the next ones!”