What does mark the edge of observable space? Here again there has been confusion. If space were not expanding, the most distant object we could see would now be about 14 billion light-years away from us, the distance light could have traveled in the 14 billion years since the big bang. But because the universe is expanding, the space traversed by a photon expands behind it during the voyage. Consequently, the current distance to the most distant object we can see is about three times farther, or 46 billion light-years.
The recent discovery that the rate of cosmic expansion is accelerating makes things even more interesting. Previously, cosmologists thought that we lived in a decelerating universe and that ever more galaxies would come into view. In an accelerating universe, however, we are surrounded by a boundary beyond which occur events we will never see--a cosmic event horizon. If light from galaxies receding faster than light is to reach us, the Hubble distance has to increase, but in an accelerating universe, it stops increasing. Distant events may send out light beams aimed in our direction, but this light is trapped beyond the Hubble distance by the acceleration of the expansion.
An accelerating universe, then, resembles a black hole in that it has an event horizon, an edge beyond which we cannot see. The current distance to our cosmic event horizon is 16 billion light-years, well within our observable range. Light emitted from galaxies that are now beyond the event horizon will never be able to reach us; the distance that currently corresponds to 16 billion light-years will expand too quickly. We will still be able to see events that took place in those galaxies before they crossed the horizon, but subsequent events will be forever beyond our view.
