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by Retric
876 days ago
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Inflation adjustments don’t really work well for projects like this across such different periods. Project Mercury spent $277 million (1965) or 2.6 billion (2022) to get 20 uncrewed developmental flights and 6 crewed orbital launches plus all associated R&D. Which seems insane by modern standards, Mercury however wasn’t quite that efficient, manpower costs for example have risen faster than inflation. Which makes a huge difference for non automated tasks like building novel spacecraft. Similarly a barrel of oil in 1969 was $3.09 or 25$ today vs the actual price of 82$ today. |
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As for oil, its price is largely driven by geopolitics, not inflation. In April 2020 prices were all the way down to below $20 a barrel. [2]
[1] - https://en.wikipedia.org/wiki/Atlas_LV-3B
[2] - https://tradingeconomics.com/commodity/crude-oil