Billionaire to fund construction of an orbiting optical telescope larger than Hubble

Figure 1 from the proposal paper [pdf].
Schmidt Sciences, a foundation created by one of Google’s founders, announced yesterday it is financing the construction of four new research telescopes, one of which will be an orbiting optical telescope with a mirror 3.1 meters in diameter, larger than the 2.4 meter primary mirror on the Hubble Space Telescope.
Today at a meeting of the American Astronomical Society, Schmidt Sciences, a foundation backed by billionaires Eric and Wendy Schmidt, announced one of the largest ever private investments in astronomy: funding for an orbiting observatory larger than NASA’s Hubble Space Telescope, along with funds to build three novel ground-based observatories. The project aims to have all four components up and running by the end of the decade.
“We’re providing a new set of windows into the universe,” says Stuart Feldman, president of Schmidt Sciences, which will manage the observatory system. Time on the telescopes will be open to scientists worldwide, and data harvested by them will be available in linked databases. Schmidt Sciences declined to say how much it is investing but Feldman says the space telescope, called Lazuli, alone will cost hundreds of millions of dollars.
Eric Schmidt was once CEO of Google, and in recent years has been spending his large fortune (estimated to exceed $50 billion) on space ventures. For example, in March 2025 he acquired control of the rocket startup Relativity.
While the three new ground-based telescopes will do important work, the Lazuli space telescope is by far the most important, not only scientifically but culturally. » Read more

Figure 1 from the proposal paper [pdf].
Schmidt Sciences, a foundation created by one of Google’s founders, announced yesterday it is financing the construction of four new research telescopes, one of which will be an orbiting optical telescope with a mirror 3.1 meters in diameter, larger than the 2.4 meter primary mirror on the Hubble Space Telescope.
Today at a meeting of the American Astronomical Society, Schmidt Sciences, a foundation backed by billionaires Eric and Wendy Schmidt, announced one of the largest ever private investments in astronomy: funding for an orbiting observatory larger than NASA’s Hubble Space Telescope, along with funds to build three novel ground-based observatories. The project aims to have all four components up and running by the end of the decade.
“We’re providing a new set of windows into the universe,” says Stuart Feldman, president of Schmidt Sciences, which will manage the observatory system. Time on the telescopes will be open to scientists worldwide, and data harvested by them will be available in linked databases. Schmidt Sciences declined to say how much it is investing but Feldman says the space telescope, called Lazuli, alone will cost hundreds of millions of dollars.
Eric Schmidt was once CEO of Google, and in recent years has been spending his large fortune (estimated to exceed $50 billion) on space ventures. For example, in March 2025 he acquired control of the rocket startup Relativity.
While the three new ground-based telescopes will do important work, the Lazuli space telescope is by far the most important, not only scientifically but culturally. » Read more





















