>> Construction on the largest telescope ever to be built is under way high in Chile's desert. Appropriately named the extremely large telescope, or ELT, it's funded by the European southern observatory. As far as its capabilities, the sky's the limit.>> It is in fact possible that the ELT will find evidence for life on other worlds.
And it is quite ironic and also beautiful that this would be done from the magnificent desolation of the
] Desert.>> Reuters correspondent, Rosalba O'Brien was at the inauguration Friday.>> It's gonna have a 39 meter mirror, it's enormous. It's gonna take in 13 times more optical light than any telescope currently in operation on earth.
And it's going to have a resolution something like 16 times clearer then that of the famous Hubble space telescope. So it's really got the potential to transform our understanding of the universe.>> The telescope is due to begin operations in 2024. The ESO estimates the project will cost just over $1 billion.