The S.H.I.E.L.D. Orbital Station is a space station that holds a telescope that is powered by ambient energy from space.
In Fun With Lasers, the telescope pulled the Living Laser's scattered energy inside and made him whole again. After that, he realized he could fire himself upon large areas and destroy them, he hijacked the entire station and held the agents and the entire world hostage. Iron Man shows up to stop him. After a long battle, Iron Man manages to trap the Laser inside the telescope.