Churchill wrote the science article in which he mused about the likelihood of extra-terrestrial life in the year the World War II broke out.
The 11-page typed draft, probably intended for a newspaper, was updated in the 1950s but never published.
The essay was passed in the 1980s to a US museum, where it sat until its rediscovery last year.
Livio described the discovery of the essay as a "great surprise".
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He said the wartime leader reasoned like a scientist about the likelihood of life on other planets, 'BBC News' reported.
Churchill's thinking mirrors many modern arguments in astrobiology - the study of the potential for life on other planets.
In his essay, Churchill builds on the idea that human life on Earth should not be unique given the vastness of the universe.
Over 50 years before the discovery of exoplanets, he considered the likelihood that other stars would host planets, concluding that a large fraction of these distant worlds "will be the right size to keep on their surface water and possibly an atmosphere of some sort".
In his essay, Churchill outlined what scientists now describe as the "habitable" or "Goldilocks" zone - the narrow region around a star where it is neither too hot nor too cold for life.
The contents of the essay have been described in the journal Nature.
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