"I don't see why a new hubble should come in at that price. Especially since you're using modern electronics, most of the R&D required to build large telescopes has been done, and you're manufacturing them in bulk. "<br /><br />Unfortuantely, it is not that simple. You would have to space rate all that hardware and that is where the price goes way up. Plus what works on the ground may not work in space. ISS uses 386 computers because the lead time to make the flight ready is so long and just because something works well in 1-g doesn't mean they will work on 0. Now, if you plan on not servicing it it would be cheaper I believe.<br /><br /><br />"How about we save a whole lot of money and just build a brand new, identical hubble, using parts we have lying in storage and a correctly milled mirror? That's the other option. "<br /><br />Well then you are pretty much restricted to Shuttle so cost goes way up (besides the fact you won't be able to service it after the shuttle retires). Then the astronomical community will insist that they modify the instruments and quickly the price starts creeping up. Finally, the HST systems are older technology and you are starting to get into the regime like an old car that the costs increase significantly to keep it running (operations, ground support, data processing...)<br /><br />