Michael Turner has a piece in today’s The Space Review arguing that Moore’s Law won’t apply to space development. His argument fails, at least to me, because it rests on a false premise (and a common myth)–that the reason access to space is expensive is because we don’t have the “right” technology.
While I don’t literally believe in a Moore’s Law for space (in the sense that we can see seemingly never-ending halving of costs on some constant time period), I do expect to see dramatic reductions in cost in the next couple decades, but not because there are vast ranges for improvement in the technologies, but because there are is vast potential for improvement in the real problem–the heretofore lack of market.
Costs will come down dramatically when we start flying a lot more. It’s that simple. Once we reach a plateau, in which the costs of propellant start to become significant in the overall costs of flight, then we should look to some new technological breakthroughs, but we’re sufficiently far from that that some form of Moore’s Law, at least in the short term, is actually quite likely to hold.