Imagine that you could have 150,000 tons of cargo (or people) delivered to equatorial LEO annually, at $60/lbm. What would you do with it? What are the markets? We’re talking on the order of $5B/year.
[Update late afternoon]
Note that that’s less than a quarter of the NASA budget…
For that money, we could have 150,000 tons of material/people in orbit, or pay for another year of SLS/Orion.
Thanks to a comment, I went and rechecked, and found an error in the spreadsheet. The cost is more like $20/lbm.