In a report, titled 'From Cosmic Birth to Living Earth', a team of researchers from the Association of Universities for Research in Astronomy (AURA) has proposed a plan of a new telescope. The report makers have envisioned a High-Definition Space Telescope (HDST) that would be five times larger than Hubble Space Telescope.

The report led by Sara Seager from the Massachusetts Institute of Technology (MIT) and Julianne Dalcanton from the University of Washington said the proposed telescope would not only bigger in size than the Hubble, but it will have some amazing features, including 12-meter high mirrors.

Its magnification power would be 100 times more powerful than NASA's currently present orbital telescope. The telescope would allow scientists to see planetary atmospheres present in distant solar systems.

In the report, scientists have also highlighted plans for the American astronomy, including having a space mission to find out extraterrestrial life. AURA President and former Hubble director Matt Mountain said that they want to know whether humans are alone in this universe.

The proposed telescope will cost the government around $10 billion in construction. The report can be considered as the first step in a long process of choosing which major scientific projects should the government go in for and fund.

But this project would require wait, as the space agency already has a long list and this one may stand in the last.