Since the source is approaching, we use the relativistic Doppler effect formula for light:
\[
\frac{\Delta \lambda}{\lambda} = \frac{v}{c}
\]
Where:
\[
\Delta \lambda = \lambda_{{source}} - \lambda_{{observed}} = 600 - 599 = 1\, {nm}
\]
\[
\lambda = 600\, {nm}, c = 3 \times 10^8\, {m/s}
\]
Now, substitute into the formula:
\[
\frac{1}{600} = \frac{v}{3 \times 10^8}
\Rightarrow v = \frac{1}{600} \times 3 \times 10^8 = 5 \times 10^5\, {m/s}
\]
Convert to km/s:
\[
v = 500\, {km/s}
\]