NASA's new space telescope costs shoot the moon

By: Associated Press
By: Associated Press

WASHINGTON (AP) -- A new NASA report says the replacement for the Hubble Space Telescope is again overbudget - this time by another $1.5 billion. And it won't be ready for its already delayed 2014 launch.

An internal study says it will take about $6.5 billion to launch and run the James Webb Space Telescope. The cost of the telescope had already ballooned from $3.5 billion to $5 billion.

When the telescope was first announced more than a dozen years ago, it was supposed to launch in 2007. That was eventually delayed until 2014. The new report was issued at the request of the Senate. It says the earliest launch date now would be September 2015.

The internal investigation blamed poor cost control practices that NASA leadership should have noticed back in 2008.

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Online:

NASA's report: http://bit.ly/cMhzJ8

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