It's Alive! The Greatest Space Telescope Ever Built Survives -- Time
When last we heard about the James Webb Space Telescope, the souped-up, long-planned successor to the Hubble, the news was not good. Hard on the heels of a report blasting the Webb project for being badly behind schedule and over budget, a House committee voted to axe the partially completed telescope entirely.
Even a space nut could appreciate where they were coming from: originally envisioned in the 1990s as a monster scope 26 ft. (8 m) across, with more than 17 times the light-gathering power of the Hubble, the Webb was going to cost no more than $500 million and launch by 2007 — cross NASA's heart and hope to die! No one really bought that, but no one really expected the budget to swell to $2.6 billion and then to $6.2 billion, or the launch date to slip to 2015 and then 2018 either. When all that did happen, D.C. bean counters concluded that nothing would become the Webb project quite as much as the end of it.
Read more ....
My Comment: $6.2 billion for a telescope .... sheesshhh ....