Terzi & Nicoli have a fascinating new paper analyzing over 4,400 orbital launches since 1960 to estimate “Wright’s Law.” This law states that a new technology’s unit costs fall in proportion to cumulative experience. Essentially, it is an expression of learning-by-doing. They show:… that the average cost of sending a kilogram to orbit has dropped…
The Cost of Going to Space
The Cost of Going to Space
18 Aug 2026 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, industrial organisation Tags: space
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