The Spitzer Space Telescope (formally known as SIRTF) was successfully launched on August 25, 2003, and has completed its initial in-orbit checkout and science validation and calibration period. The measured performance of the observatory has met or exceeded all of its high-level requirements, it has entered normal operations, and is beginning to return high-quality science data. A superfluid-helium cooled 85 cm diameter telescope provides extremely low infrared backgrounds and feeds three science instruments covering wavelengths ranging from 3.2 to 180 microns. The telescope optical quality is excellent, providing diffraction-limited performance down to wavelengths below 6.5 microns. Based on the first helium mass and boil-off rate measurements, a cryogenic lifetime in excess of 5 years is expected. This presentation will provide a summary of the overall performance of the observatory, with an emphasis on those performance parameters that have the greatest impact on its ultimate science return.