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NASA Announcement LIVE: New Life Form Discovered (VIDEO)

12/02/2010 02:06 pm ET | Updated May 25, 2011

The NASA announcement is underway, and you can watch it and follow along with our live updates below. You can also watch the press conference live at NASA TV.

NASA's press conference today is scheduled for 2 p.m. and is related to a major finding in their research in the field of astrobiology. Speculation has reached a fever pitch after the agency said the finding "will impact the search for evidence of extraterrestrial life."

The news has leaked now, and while the discovery is not extraterrestrial life, NASA has indeed uncovered an entirely new life form on our planet that "doesn't share the biological building blocks of anything currently living" on Earth, Gizmodo reports.

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