The James Webb Space Telescope

NASA is churning out yet another telescope to once again push the limits of how far into the universe we can look. The James Webb Space Telescope is designed to peer back and catch a glimpse of the universe's first galaxies to give us a better idea of how our universe formed after the big bang. The telescope will work primarily in the infrared spectrum and will sport a 6.5 meter wide mirror along with a tennis court sized sun shield. The mirror and sun shield are so large that they will have to be folded up before they can be put inside the rocket that will send the telescope into orbit.
The telescope will orbit the earth 1.5 million kilometers away (1 million miles), and will be launched in 2018.