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Science Facing rising costs, NASA scraps X-ray space telescope mission (+video)

NASA is canceling work on a new space telescope that was running significantly over budget. The GEMS telescope was intended to study black holes and neutron stars. 

NASA

NASA is canceling all work on a new space telescope designed to seek out black holes and other cosmic mysteries through X-ray light due to soaring development costs, the space agency announced today (June 7).