CostIn production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer.
Reusable launch vehicleA reusable launch vehicle has parts that can be recovered and reflown, while carrying payloads from the surface to outer space. Rocket stages are the most common launch vehicle parts aimed for reuse. Smaller parts such as rocket engines and boosters can also be reused, though reusable spacecraft may be launched on top of an expendable launch vehicle. Reusable launch vehicles do not need to make these parts for each launch, therefore reducing its launch cost significantly.
Marginal costIn economics, the marginal cost is the change in the total cost that arises when the quantity produced is incremented, the cost of producing additional quantity. In some contexts, it refers to an increment of one unit of output, and in others it refers to the rate of change of total cost as output is increased by an infinitesimal amount. As Figure 1 shows, the marginal cost is measured in dollars per unit, whereas total cost is in dollars, and the marginal cost is the slope of the total cost, the rate at which it increases with output.
Cost curveIn economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing cost consistent with each possible level of production, and the result is a cost curve. Profit-maximizing firms use cost curves to decide output quantities. There are various types of cost curves, all related to each other, including total and average cost curves; marginal ("for each additional unit") cost curves, which are equal to the differential of the total cost curves; and variable cost curves.
Falcon HeavyFalcon Heavy is a partially reusable super heavy-lift launch vehicle that can carry cargo into Earth orbit, and beyond. It is designed, manufactured and launched by American aerospace company SpaceX. The rocket consists of a center core on which two Falcon 9 boosters are attached, and a second stage on top of the center core. Falcon Heavy has the second highest payload capacity of any currently operational launch vehicle behind NASA's Space Launch System, and the fourth-highest capacity of any rocket to reach orbit, trailing behind the SLS, Energia and the Saturn V.
SpaceX launch vehiclesSpaceX manufactures launch vehicles to operate its launch provider services and to execute its various exploration goals. SpaceX currently manufactures and operates the Falcon 9 Full Thrust family of medium-lift launch vehicles and the Falcon Heavy family of heavy-lift launch vehicles – both of which powered by SpaceX Merlin engines and employing VTVL technologies to reuse the first stage. As of 2020, the company is also developing the fully reusable Starship launch system, which will replace the Falcon 9 and Falcon Heavy.
Expendable launch systemAn expendable launch system (or expendable launch vehicle/ELV) is a launch vehicle that can be launched only once, after which its components are either destroyed during reentry or discarded in space. ELVs typically consist of several rocket stages that are discarded sequentially as their fuel is exhausted and the vehicle gains altitude and speed. As of 2022, most satellites and human spacecraft are currently launched on ELVs. ELVs are simpler in design than reusable launch systems and therefore may have a lower production cost.
Space ShuttleThe Space Shuttle is a retired, partially reusable low Earth orbital spacecraft system operated from 1981 to 2011 by the U.S. National Aeronautics and Space Administration (NASA) as part of the Space Shuttle program. Its official program name was Space Transportation System (STS), taken from a 1969 plan for a system of reusable spacecraft where it was the only item funded for development. The first (STS-1) of four orbital test flights occurred in 1981, leading to operational flights (STS-5) beginning in 1982.
Falcon 9Falcon 9 is a partially reusable medium-lift launch vehicle that can carry cargo and crew into Earth orbit, designed, manufactured and launched by American aerospace company SpaceX. It can also be used as an expendable heavy-lift launch vehicle. The first Falcon 9 launch was in June 2010. The first Falcon 9 ISS commercial resupply mission to the ISS launched on 8 October 2012. In 2020 it became the first commercial rocket to ever launch humans to orbit and is currently the only such vehicle capable of doing so.
Space Shuttle EndeavourSpace Shuttle Endeavour (Orbiter Vehicle Designation: OV-105) is a retired orbiter from NASA's Space Shuttle program and the fifth and final operational Shuttle built. It embarked on its first mission, STS-49, in May 1992 and its 25th and final mission, STS-134, in May 2011. STS-134 was expected to be the final mission of the Space Shuttle program, but with the authorization of STS-135 by the United States Congress, Atlantis became the last shuttle to fly.
Falcon 9 Full ThrustFalcon 9 Full Thrust (also known as Falcon 9 v1.2, with variants Block 1 to Block 5) is a partially reusable medium-lift launch vehicle, designed and manufactured by SpaceX. Designed in 2014–2015, Falcon 9 Full Thrust began launch operations in December 2015. As of , Falcon 9 Full Thrust had performed launches without any failures. Based on the Lewis point estimate of reliability, this rocket is the most reliable orbital launch vehicle currently in operation.
Opportunity costIn microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives. Assuming the best choice is made, it is the "cost" incurred by not enjoying the benefit that would have been had by taking the second best available choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen.
Space Shuttle ColumbiaSpace Shuttle Columbia (OV-102) was a Space Shuttle orbiter manufactured by Rockwell International and operated by NASA. Named after the first American ship to circumnavigate the upper North American Pacific coast and the female personification of the United States, Columbia was the first of five Space Shuttle orbiters to fly in space, debuting the Space Shuttle launch vehicle on its maiden flight in April 1981.
Space Shuttle programThe Space Shuttle program was the fourth human spaceflight program carried out by the U.S. National Aeronautics and Space Administration (NASA), which accomplished routine transportation for Earth-to-orbit crew and cargo from 1981 to 2011. Its official name, Space Transportation System (STS), was taken from a 1969 plan for a system of reusable spacecraft of which it was the only item funded for development. It flew 135 missions and carried 355 astronauts from 16 countries, many on multiple trips.
Space Shuttle ChallengerSpace Shuttle Challenger (OV-099) was a Space Shuttle orbiter manufactured by Rockwell International and operated by NASA. Named after the commanding ship of a nineteenth-century scientific expedition that traveled the world, Challenger was the second Space Shuttle orbiter to fly into space after Columbia, and launched on its maiden flight in April 1983. It was destroyed in January 1986 soon after launch in an accident that killed all seven crewmembers aboard.
Falcon 9 first-stage landing testsThe Falcon 9 first-stage landing tests were a series of controlled-descent flight tests conducted by SpaceX between 2013 and 2016. Since 2017, the first stage of Falcon 9 missions has been routinely landed if the rocket performance allowed it, and if SpaceX chose to recover the stage. The program's objective was to reliably execute controlled re-entry, descent and landing (EDL) of the Falcon 9 first stage into Earth's atmosphere after the stage completes the boost phase of an orbital spaceflight.
Space Shuttle EnterpriseSpace Shuttle Enterprise (Orbiter Vehicle Designation: OV-101) was the first orbiter of the Space Shuttle system. Rolled out on September 17, 1976, it was built for NASA as part of the Space Shuttle program to perform atmospheric test flights after being launched from a modified Boeing 747. It was constructed without engines or a functional heat shield. As a result, it was not capable of spaceflight. Originally, Enterprise had been intended to be refitted for orbital flight to become the second space-rated orbiter in service.
Space Shuttle orbiterThe Space Shuttle orbiter is the spaceplane component of the Space Shuttle, a partially reusable orbital spacecraft system that was part of the discontinued Space Shuttle program. Operated from 1977 to 2011 by NASA, the U.S. space agency, this vehicle could carry astronauts and payloads into low Earth orbit, perform in-space operations, then re-enter the atmosphere and land as a glider, returning its crew and any on-board payload to the Earth. Six orbiters were built for flight: Enterprise, Columbia, Challenger, Discovery, Atlantis, and Endeavour.
Space Shuttle DiscoverySpace Shuttle Discovery (Orbiter Vehicle Designation: OV-103) is a retired American spacecraft. The spaceplane was one of the orbiters from NASA's Space Shuttle program and the third of five fully operational orbiters to be built. Its first mission, STS-41-D, flew from August 30 to September 5, 1984. Over 27 years of service it launched and landed 39 times, aggregating more spaceflights than any other spacecraft to date. The Space Shuttle launch vehicle had three main components: the Space Shuttle orbiter, a single-use central fuel tank, and two reusable solid rocket boosters.
Delta IVDelta IV was a group of five expendable launch systems in the Delta rocket family introduced in the early 2000s. Originally designed by Boeing's Defense, Space and Security division for the Evolved Expendable Launch Vehicle (EELV) program, the Delta IV became a United Launch Alliance (ULA) product in 2006. The Delta IV was primarily a launch vehicle for United States Air Force (USAF) military payloads, but was also used to launch a number of United States government non-military payloads and a single commercial satellite.
