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It costs a lot to build a rocket. The NASA SLS system cost around $500 million to launch each time but in this and age, rockets are now getting cheaper due to the private sector. An average space rocket from SpaceX only costs around $60 million, a significant decrease.
But what really sets SpaceX apart, and has made it a magnet for controversy, are its prices: As advertised on the company's Website, a Falcon 9 launch costs an average of $57 million, which works out to less than $2,500 per pound to orbit.
It costs a lot to build a rocket. The NASA SLS system cost around $500 million to launch each time but in this and age, rockets are now getting cheaper due to the private sector. An average space rocket from SpaceX only costs around $60 million, a significant decrease.
While that sounds like a lot, it's a tiny fraction of what existing launches cost: on average, NASA spends an average of $152 million per launch meaning that, if Musk is to be believed, SpaceX will be able to launch cargo and people into orbit for 1.3 percent of what NASA is currently paying for the same task.
The Falcon 9 was described as being capable of launching approximately 9,500 kg (21,000 lb) to low Earth orbit, and was projected to be priced at $27 million per flight with a 3.7 m (12 ft) payload fairing and $35 million with a 5.2 m (17 ft) fairing.
Today, it costs $10,000 to put a pound of payload in Earth orbit. NASA's goal is to reduce the cost of getting to space to hundreds of dollars per pound within 25 years and tens of dollars per pound within 40 years.
SpaceX has since focused on recovering key parts of the Falcon 9 to enhance reusability and reduce costs. This includes the Falcon 9's first stage which, once it expends its fuel, falls back through the atmosphere reaching speeds of 5,200 miles per hour before reigniting its engines to land on a drone recovery ship.
On June 7, 2019, NASA announced that starting in 2020, the organization aims to start allowing private astronauts to go on the International Space Station, with the use of SpaceX's Crew Dragon spacecraft and Boeing's Starliner spacecraft for public astronauts, which is planned to be priced at $35,000 USD per day for ...
NASA said it would cost $35,000 a night for stays on the ISS, and the price to get there is estimated to be $50 million. Virgin Galactic has said it may in the short term raise the price of its tickets, which today cost $250,000. Despite the high costs, Virgin Galactic expects high demand from the wealthy.
A half-million bucks sounds like a lot of money, but compare that to the over $200,000 price to experience weightlessness on a Virgin Galactic flight or $9.5 million for a vacation on a proposed luxury space station. One of the most important tidbits in Musk's tweet is that the return ticket will be free.
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