The Hubble Space Telescope was launched from the Kennedy Space Center on April 24, 1990. Its initial check-out indicates that all sub-systems of the satellite are working very well, with two key exceptions: The line-of-sight pointing is subject to occasional jitter apparently induced by thermal stresses in the solar arrays; this is expected to be overcome. The telescope mirrors are found to contain approximately 0.5 wave rms of spherical aberration which cannot be overcome by any controls on board the satellite. This defect will limit the scientific performance of the telescope in the short run. However, the aberration can be fully corrected in the optical designs of future replacement instruments, and the delivery schedules of these instruments are being accelerated.