Vega is the brightest star in the northern constellation of Lyra. It has the Bayer designation α Lyrae, which is Latinised to Alpha Lyrae and abbreviated Alpha Lyr or α Lyr. This star is relatively close at only 25 light-years (7.7 parsecs) from the Sun, and one of the most luminous stars in the Sun's neighborhood. It is the fifth-brightest star in the night sky, and the second-brightest star in the northern celestial hemisphere, after Arcturus.

Vega has been extensively studied by astronomers, leading it to be termed "arguably the next most important star in the sky after the Sun". Vega was the northern pole star around 12,000 BCE and will be so again around the year 13,727, when its declination will be +86° 14′. Vega was the first star other than the Sun to have its image and spectrum photographed. It was one of the first stars whose distance was estimated through parallax measurements. Vega has functioned as the baseline for calibrating the photometric brightness scale and was one of the stars used to define the zero point for the UBV photometric system.

Vega is only about a tenth of the age of the Sun, but since it is 2.1 times as massive, its expected lifetime is also one tenth of that of the Sun; both stars are at present approaching the midpoint of their main sequence lifetimes. Compared with the Sun, Vega has a lower abundance of elements heavier than helium. Vega is also a variable star that varies slightly in brightness. It is rotating rapidly with a velocity of 236 km/s at the equator. This causes the equator to bulge outward due to centrifugal effects, and, as a result, there is a variation of temperature across the star's photosphere that reaches a maximum at the poles. From Earth, Vega is observed from the direction of one of these poles.

Based on an observed excess emission of infrared radiation, Vega appears to have a circumstellar disk of dust. This dust is likely to be the result of collisions between objects in an orbiting debris disk, which is analogous to the Kuiper belt in the Solar System. Stars that display an infrared excess due to dust emission are termed Vega-like stars. In 2021, a candidate ultra-hot Neptune on a 2.43-day orbit around Vega was discovered with the radial velocity method, additionally, another possible Saturn-mass signal with a period of about 200 days.