SpaceX took advantage of tech from both the US and Russia, including the experience with the Space Shuttle. They have better computers, better metallurgy, advanced 3D printing and their own experience with the Falcon 9.
There is no guarantee that it will reduce the costs that much, but will all that experience, the chances are success are higher than with the Space Shuttle.
One big issue that isn't talked about much and that SpaceX takes very seriously is simply a lack of demand. There is only so much stuff you want to put in space. Satellites are expensive, and even with disposable rockets, the launch is only a smaller fraction of the cost. It is already a problem with the Falcon 9 as they have a bunch of rockets and not much to do with them. Starlink, orbital refueling, and crazy ideas like earth to earth transport are all ways to address this problem.
It was a problem for the Space Shuttle too, they couldn't achieve the economies of scale they planned it for. It was supposed to fly for routine maintenance missions but it didn't work out.
More than 40 years and many lessons learned.
SpaceX took advantage of tech from both the US and Russia, including the experience with the Space Shuttle. They have better computers, better metallurgy, advanced 3D printing and their own experience with the Falcon 9.
There is no guarantee that it will reduce the costs that much, but will all that experience, the chances are success are higher than with the Space Shuttle.
One big issue that isn't talked about much and that SpaceX takes very seriously is simply a lack of demand. There is only so much stuff you want to put in space. Satellites are expensive, and even with disposable rockets, the launch is only a smaller fraction of the cost. It is already a problem with the Falcon 9 as they have a bunch of rockets and not much to do with them. Starlink, orbital refueling, and crazy ideas like earth to earth transport are all ways to address this problem.
It was a problem for the Space Shuttle too, they couldn't achieve the economies of scale they planned it for. It was supposed to fly for routine maintenance missions but it didn't work out.