“The cost of launching cargo into space is falling rapidly. Recent research from Cambridge University found that, since 1960, the cost of sending a kilogram into orbit fell by an average of 21 percent for every cumulative doubling of the amount of cargo launched to space. By that measure, launch costs are falling even faster than the cost of solar photovoltaic panels. The researchers project that, if total payload to orbit continues to grow 13.3 percent per year—the rate observed between 2010 and 2025—the average launch cost could fall to less than $300 per kilogram by 2040 in 2024 dollars,” reports The Doomslayer.
Cambridge University explains:
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