Mission controllers at the European Space Agency control center in Darmstadt cheered, applauded and embraced as they picked up the signal from the Venus Express craft indicating it had completed the orbital maneuver.
"It's a fantastic mission for us, we've finally reached Venus," said project manager Don McCoy.
Europe's space program now has craft orbiting two planets in the solar system other than Earth, with the Mars Express probe circling Mars, and yet another craft on its way to land on a comet.
The mission hopes to answer questions about how a planet so similar to Earth could have turned out so differently. Venus' atmosphere is almost 90 times denser than Earth's and shrouded in clouds of sulfuric acid.
Scientists especially want to study the planet's strong greenhouse effect - the way carbon dioxide traps the sun's heat - and the hurricane force winds that constantly circle the planet.
The instruments include spectrometers to measure temperature and analyze the atmosphere and a special camera that will concentrate on documenting whether Venus' many volcanoes are active.
Not only is Venus the nearest planet to Earth, the two also share similar mass and density. Both have inner cores of rock and are believed to have formed at roughly the same time.
Despite those similarities, Venus' atmosphere is composed almost entirely of carbon dioxide and very little water vapor. Thanks to runaway warming from its greenhouse effect, Venus has the hottest surface of all the planets, around 864 degrees Fahrenheit.
If everything goes according to plan, the probe will remain active for 500 days, with the possibility of extending its life by another 500, said Hakan Svedhem, the agency's lead scientist on the program.
Venus Express is Europe's first mission to Venus, often referred to as the "Morning Star" because it is visible near the horizon shortly before dawn. It was launched Nov. 9 atop a Russian booster rocket from the Baikonur Cosmodrome in Kazakhstan.
The last mission to Venus was NASA'S Magellan probe, launched in 1989. It completed more than 15,000 orbits around the planet between 1990 and 1994. Using radar, Magellan was able to map almost all of Venus, revealing towering volcanoes, gigantic rifts and sharp-edged craters.