Many kilograms of space dust pitter to Earth daily. Larger bits appear initially as a bright meteor . Significant threats do exist for rocks near 100 meters in diameter, which strike Earth roughly every 1000 years. An object this size could cause significant tidal waves were it to strike an ocean, potentially devastating even distant shores. A collision with a massive asteroid , over 1 km across, is more rare , occurring typically millions of years apart, but could have truly global consequences .
Many asteroids remain undiscovered.
Such an interplanetary collision would not affect Earth's orbit so much as raise dust that would affect Earth's climate . One likely result is a global extinction of many species of life, possibly dwarfing the ongoing extinction occurring now . Specific rights apply .