Concern with the threat posed by terrestrial asteroid and comet impacts has heightened as the catastrophic consequences of such events have become better appreciated. Although the probabilities of such impacts are very small, a reasonable question for debate is whether such phenomena should be taken into account in deciding policy for the management of spent fuel and high-level radioactive waste. The rate at which asteroid or comet impacts would affect areas of surface storage of radioactive waste is about the same as the estimated rate at which volcanic activity would affect the Yucca Mountain area. The Underground Retrievable Storage (URS) concept could satisfactorily reduce the risk from cosmic impact with its associated uncertainties in addition to providing other benefits described by previous authors.