The New Worlds Mission is a proposed project comprising a large occulter in space designed to block the light of nearby stars in order to observe their orbiting exoplanets. The observations could be taken with an existing space telescope, possibly the James Webb Space Telescope when it launches, or a dedicated visible light optical telescope optimally designed for the task of finding exoplanets. A preliminary research project was funded from 2005 through 2008 by NASA Institute for Advanced Concepts (NIAC) and headed by Webster Cash of the University of Colorado at Boulder in conjunction with Ball Aerospace & Technologies Corp., Northrop Grumman, Southwest Research Institute and others. Since 2010 the project has been looking for additional financing from NASA and other sources in the amount of roughly US$3 billion including its own 4-meter telescope, or $750 million for one starshade to be used with the James Webb Space Telescope. If financed and launched, it would last 5 years.