NASA scientists have been making a lot of exciting discoveries lately, including numerous Earth-like planets that might just be far enough from their stars to be habitable for otherworldly lifeforms.

But the latest planet to be reported on might just be the best chance yet at proving that there is in fact other forms of life out there. And why is that? you might ask. Well, because the majority of it is made up of water.

The planet, currently being called GJ 1214b, is 2.7 times larger than Earth (and weighs 7 times more) but smaller than Uranus, and sits only 40 light years from our own planet—placing it within the constellation Ophiuchus (The Serpent Bearer), and remarkably close to us, which means it will be a primary candidate for further study with new observational technologies.