The existing funding streams are calcified, and we've gotten to a point with the monster projects that they basically turn into drag out career builders.
Things like James Webb, TMT etc. At some point we have to try new things.
If you look into TMT closely, the actual optics package etc - $3B is a ridiculous price. It's just totally crazy. If we pulled pricing apart we'd find out that an incredible amount is going into overheads of various sorts.
ASML makes machines with 100,000+ parts, the precision needed is absolutely mind blowing. 4 747's and 40 containers to ship it. $200 - $500M tops.
https://www.cnbc.com/2021/10/12/chip-machine-maker-asml-will...
I'm serious, the precision of mirrors in these machines absolutely rivals or crushes astro precision. "The mirrors are polished to a smoothness of less than one atom’s thickness. To put that in perspective, if the mirrors were the size of Germany, the tallest ‘mountain’ would be just 1 mm high."