The search for water-rich Earth-sized exoplanets around low-mass stars is rapidly gaining attention because they represent the best opportunity to characterize habitable planets in the near future. Understanding the atmospheres of these planets and determining the optimal strategy for characterizing them through transmission spectroscopy with our upcoming instrumentation is essential in order to constrain their environments. For this study, we present simulated transmission spectra of tidally locked Earth-sized ocean-covered planets around late-M to mid-K stellar spectral types, utilizing GCM modeling results previously published by Kopparapu et al. (2017) as inputs for our radiative transfer calculations performed using NASA's Planetary Spectrum Generator (psg.gsfc.nasa.gov; Villanueva et al. (2018)). We identify trends in the depth of H 2 O spectral features as a function of planet surface temperature and rotation rate. These trends allow us to calculate the exposure times necessary to detect water vapor in the atmospheres of aquaplanets through transmission spectroscopy with the upcoming James Webb Space Telescope (JWST) as well as several future flagship space telescope concepts under consideration (LUVOIR and OST) for a target list constructed from the TESS Input Catalog (TIC). Our calculations reveal that transmission spectra for water-rich Earth-sized planets around low-mass stars will be dominated by clouds, with spectral features < 20 ppm, and only a small subset of TIC stars would allow for the characterization of an ocean planet in the Habitable Zone. We thus present a careful prioritization of targets that are most amenable to follow-up characterizations with next-generation instrumentation, in order to assist the community in efficiently utilizing precious telescope time.

We present the discovery and validation of a three-planet system orbiting the nearby (31.1 pc) M2 dwarf star TOI-700 (TIC 150428135). TOI-700 lies in the TESS continuous viewing zone in the Southern Ecliptic Hemisphere; observations spanning 11 sectors reveal three planets with radii ranging from 1 R ⊕ to 2.6 R ⊕ and orbital periods ranging from 9.98 to 37.43 days. Ground-based follow-up combined with diagnostic vetting and validation tests enable us to rule out common astrophysical false-positive scenarios and validate the system of planets. The outermost planet, TOI-700 d, has a radius of 1.19 ± 0.11 R ⊕ and resides in the conservative habitable zone of its host star, where it receives a flux from its star that is approximately 86% of the Earth's insolation. In contrast to some other low-mass stars that host Earth-sized planets in their habitable zones, TOI-700 exhibits low levels of stellar activity, presenting a valuable opportunity to study potentially-rocky planets over a wide range of conditions affecting atmospheric escape. While atmospheric characterization of TOI-700 d with the James Webb Space Telescope (JWST) will be challenging, the larger sub-Neptune, TOI-700 c (R = 2.63 R ⊕), will be an excellent target for JWST and beyond. TESS is scheduled to return to the Southern Hemisphere and observe TOI-700 for an additional 11 sectors in its extended mission, which should provide further constraints on the known planet parameters and searches for additional planets and transit timing variations in the system.