| Here's why Elon Musk is more likely to be right: because fuel is cheap. The cost of fuel and the cost of fuel tanks is an insignificant part of the cost of an orbital launch, around the 1% level. The major drivers of cost are overall system complexity and manufacturing cost of the engines. And here's the big problem for a Skylon spaceplane, rockets are fairly simple systems whereas hypersonic airbreathing engines are extraordinarily complex and difficult. And if you can manage reusability on your launcher then the ordinary rocket engine wins hands down. The reason why the jet engine won out over the propeller in civil aviation is not because of the higher thrust or better performance of the jet, it's because of lower operational costs. A jet powered aircraft requires less maintenance per passenger-mile than a propeller driven aircraft does. Partly this is because, despite the design complexities involved, a jet engine is actually a much simpler system. The idea of not having to haul up a full load of oxidizer on an orbital launcher is a tempting one, but it doesn't come easy. One of the big advantages of a rocket is that it can push up above the bulk of the atmosphere when it's still traveling fairly slowly and do most of its accelerating in a near-vacuum. This reduces aerodynamic drag, aerodynamic heating, and dynamic pressure forces. All of which are some of the most pernicious problems to deal with in a launch vehicle. No few launch vehicles have been lost just as they reach "max-Q" (the moment of maximum dynamic pressure), and for an air breathing launcher it would likely be forced to fly through even more severe aerodynamic regimes than most rockets for significantly longer periods of time. This is hard on the vehicle design, hard on airframe longevity, hard on the thermal protection systems, and hard on the whole vehicle in general. So on the one hand you have a vehicle which requires significantly more robust engineering and significantly more complex engines and overall design while probably having a shorter total service life. And is perhaps some significant factor riskier to fly in general. And on the other hand you have dead simple basically 60 year old engineering that is just put together sensibly, flown within a familiar flight envelope in a way that minimizes risk and iteratively improved to continuously shave off operating costs. It's a pretty safe bet which one is more likely to actually lead to lower launch costs. |