The Big Bang represents the origin of space and time, making it impossible to define a "when" or "where" for the event itself. However, scientists estimate the age of the universe at approximately 13.7 billion years using observational data, particularly through measuring the recessional velocities of galaxies and applying Hubble's Law. The calculations involve modeling the relationship between distance and velocity, leading to the determination of Hubble's constant. Discussions also touch on the future of the universe, questioning whether it will eventually collapse back into a singularity, with gravity being a potential force in this scenario. The conversation highlights the complexities of cosmological models and the ongoing adjustments in our understanding of the universe's age.