It is generally believed that about 3.8 billion years ago, after a period known as the Late Heavy Bombardment, most of the planetesimals within the Solar System had either been ejected from the Solar System entirely, into distant eccentric orbits such as the Oort cloud, or had collided with larger objects due to the regular gravitational nudges from the giant planets (particularly Jupiter and Neptune).
In a paper published in Icarus in 1975, William K. Hartmann and Donald R. Davis proposed that a catastrophic near-miss by a large planetesimal early in Earth's formation approximately 4.5 billion years ago blew out rocky debris, remelted Earth and formed the Moon, thus explaining the Moon's lesser density and lack of an iron core.
They assumed the volatiles had been trapped in the form of hydrates and incorporated in the planetesimals flying in the protoplanets’ feeding zones.
After many astronomers objected to this proposal, an alternative was drawn up by Uruguayan astronomer Julio Ángel Fernández, in which he created a median classification for objects large enough to be round but that had not cleared their orbits of planetesimals.
During the 20th century many theories were proposed including the planetesimal theory of Thomas Chamberlin and Forest Moulton (1901), tidal model of Jeans (1917), accretion model of Otto Schmidt (1944), protoplanet theory of William McCrea (1960) and finally capture theory of Michael Woolfson.