With many countries, companies and individuals intensifying their space exploration programs, questions about rights, ownership and the feasibility of manned space missions are coming to the fore of public debate.

In early 1610, Italian astronomer and physicist Galileo Galilei wrote a letter to Cosimo de' Medici—then Grand Duke of Tuscany—stating that he had observed for moons of Jupiter (which Galileo initially believed to be stars) using his improved telescope lens. Hoping to secure the grand duke's patronage, Galileo proposed naming the bodies after Cosimo's family, eventually calling them the "Medicea Sidera," or the Medicean stars. (In the end, the moons were named for four lovers of the god Zeus: Io, Europa, Ganymede and Callisto.)

Galileo was not the first to claim stars in the name of people on Earth, and he was to be far from the last. Although the names of celestial bodies are now determined by the International Astronomical Union using a systematic naming system, the idea that outer space is terra incognita, a place yet unexplored or claimed, where everything is up for grabs, is more powerful today than ever before.

When the immense sound of the Ariane 5 rocket rumbles across Europe's spaceport in French Guiana, it will signal the end of a journey decades in the making. Perched atop the rocket will be the James Webb Space Telescope (JWST), the most sophisticated and complex observatory ever constructed. An enormous mirror 6.5 meters across, consisting of 18 gold-plated segments, will be delicately folded to fit within the nose cone.

That precious cargo carries the hopes and dreams of thousands of engineers and scientists like us who have worked for so long to make this observatory a reality. We'll no doubt all be holding our breath.

If all goes well, humanity will have a new eye on the cosmos, with capabilities that far surpass anything that has gone before.