
Astronomers are saying this new supernova is currently at magnitude +11 to +12, so its definitely not visible with the naked eye. You’ll need a 4 inch telescope at least to be able to see it.
M82 is a bright, striking edge-on spiral galaxy bright enough to see in binoculars. Known as the Cigar or Starburst Galaxy because of its shape and a large, active starburst region in its core, it’s only 12 million light years from Earth.
PSN J09554214+6940260 [the supernova's designation] is a Type Ia supernova. Type Ia (one-a), a dry term describing one of the most catastrophic events in the universe. Here a superdense white dwarf, a star only about the size of Earth but with the gravitational power of a sun-size star, pulls hydrogen gas from a nearby companion down to its surface where it adds to the star’s weight.

When the dwarf packs enough pounds to reach a mass 1.4 times that of the sun, it can no longer support itself. The star suddenly collapses, heats to incredible temperatures and burns up explosively in a runaway fusion reaction. What we see here on Earth is the sudden appearance of a brand new star within the galaxy’s disk. Of course, it’s not really a new star, but rather the end of an aged one.
--Andy