📺 Stream EntrepreneurTV for Free 📺

Scientists to Search for Earth-Like Planets with World's Largest Telescope Funds have been secured for the appropriately named 'European Extremely Large Telescope.'

By Nina Zipkin

entrepreneur daily
Alexanderphoto7 / Shutterstock.com

It's been an exciting week for space exploration. Following news that NASA's Orion spacecraft launch was a success, the European Southern Observatory's (ESO) council announced that plans to build the world's largest telescope -- called the European Extremely Large Telescope (E-ELT) -- have been officially approved.

The telescope will be constructed at the top of Cerro Armazones, a mountain in Chile's Atacama Desert, which also home to the Cerro Armazones Observatory. The contracts for the work come to nearly $2.5 million.

Related: NASA Takes a Step Toward Mars With Test Launch

The E-ELT is an aperture optical and infrared telescope with a surface of 128 feet (39 meters). ESO Director-General Tim de Zeeuw explained in a statement that the telescope's light-collecting surface will be able to help identify star populations in galaxies that are close to ours and planets that are similar in mass to Earth.

The plans were approved in 2012, though the building could only begin when 90 percent of the funding came through, according to Space.com. The project is estimated to be completed in 2024, with "phase one" of the construction -- the telescope's main structure and dome -- starting in 2015.

Related: Meet the Entrepreneurs at the Forefront of the Space Race

Nina Zipkin

Entrepreneur Staff

Staff Writer. Covers leadership, media, technology and culture.

Nina Zipkin is a staff writer at Entrepreneur.com. She frequently covers leadership, media, tech, startups, culture and workplace trends.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

McDonald's Is Responding to Sky-High Fast Food Prices By Rolling Out a Much Cheaper Value Meal: Report

The news comes as the chain looks to redirect back to customer "affordability."

Starting a Business

Clinton Sparks Podcast: CEO of Complex Shares How Media, Culture Have Shifted in Recent Years

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Fundraising

My Startup Couldn't Raise VC Funding, So We Became Profitable. Here's How We Did It — And How You Can Too.

Four months ago, my startup reached profitability for the first time. It came after more than a year of active work and planning, and here's what it took.

Starting a Business

Clinton Sparks Podcast: From Hit Records to Humanitarian Powerhouse, Akon Shares His Entrepreneurial Journey

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.