According to the budget table, when the project started in 1997, the budget plan... | Hacker News

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		tomschlick on July 7, 2021 \| parent \| context \| favorite \| on: The James Webb Space Telescope has passed the fina... According to the budget table, when the project started in 1997, the budget plan was 500 million. Today its close to 10 billion.

omgwtfbyobbq on July 7, 2021 [–]

That was likely just a bare bones estimate and closer to the costs of initiating the project than the full cost of designing, building, and launching a satellite.

Based on this link, NASA hadn't even settled on a design/contractor in 1998.

https://esahubble.org/images/opo9820a/

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