Without quoting directly from the text, provide me with a summary of the James Webb Space Telescope?

Context: The James Webb Space Telescope is a space telescope currently conducting infrared astronomy. As the largest optical telescope in space, it is equipped with high-resolution and high-sensitivity instruments, allowing it to view objects too old, distant, or faint for the Hubble Space Telescope. This enables investigations across many fields of astronomy and cosmology, such as observation of the first stars, the formation of the first galaxies, and detailed atmospheric characterization of potentially habitable exoplanets.

The U.S. National Aeronautics and Space Administration led JWST's design and development and partnered with two main agencies: the European Space Agency and the Canadian Space Agency. The NASA Goddard Space Flight Center in Maryland managed telescope development, while the Space Telescope Science Institute in Baltimore on the Homewood Campus of Johns Hopkins University currently operates JWST. The primary contractor for the project was Northrop Grumman. The telescope is named after James E. Webb, who was the administrator of NASA from 1961 to 1968 during the Mercury, Gemini, and Apollo programs.

The James Webb Space Telescope was launched on 25 December 2021 on an Ariane 5 rocket from Kourou, French Guiana, and arrived at the Sun–Earth L2 Lagrange point in January 2022. The first JWST image was released to the public via a press conference on 11 July 2022.

JWST's primary mirror consists of 18 hexagonal mirror segments made of gold-plated beryllium, which combined create a 6.5-meter-diameter mirror, compared with Hubble's 2.4 m. This gives JWST a light-collecting area of about 25 square meters, about six times that of Hubble. Unlike Hubble, which observes in the near ultraviolet and visible, and near infrared spectra, JWST observes a lower frequency range, from long-wavelength visible light through mid-infrared. The telescope must be kept extremely cold, below 50 K, such that the infrared light emitted by the telescope itself does not interfere with the collected light. It is deployed in a solar orbit near the Sun–Earth L2 Lagrange point, about 1.5 million kilometers from Earth, where its five-layer sunshield protects it from warming by the Sun, Earth, and Moon.

Initial designs for the telescope, then named the Next Generation Space Telescope, began in 1996. Two concept studies were commissioned in 1999, for a potential launch in 2007 and a US$1 billion budget. The program was plagued with enormous cost overruns and delays; a major redesign in 2005 led to the current approach, with construction completed in 2016 at a total cost of US$10 billion. The high-stakes nature of the launch and the telescope's complexity were remarked upon by the media, scientists, and engineers.

Answer: The James Webb Space Telescope (JWST) is a space telescope and the successor of the famous Hubble Space Telescope. The JWST was launched on the 25th of December, 2021. The JWST design was lead by North American Space Agency (NASA) in collaboration with the European Space Agency (ESA), Canadian Space Agency (CSA), John Hopkins University, The Goddard Space Flight Center (GFSC) and Northrup Grumman

The JWST consists of 18 hexagonal shaped mirrors made of gold-plated beryllium creating a 6.5m diameter mirror giving it the ability to collect 6 times more light than the Hubble Space Telescope. The JWST has specialized instrumentation capable of detecting light at lower frequencies and longer wavelengths enabling it to detect light in the near to mid-infrared light spectrum range.

The design of JWST started in 1996 and was plagued with enormous cost overruns and delays culminating in a redesign in 2005 which lead to the current final design of the JWST. The JWST is currently in a solar-orbit near the Sun-Earth L2 Lagrange point, approximately 1.5 million kilometers from earth.