While it will certainly bring down the technical costs of getting stuff to orbit, I am rather hesitant to say that it will move the costs-per-ton into "holy grail" territory. I'm quite sure that the costs will catch up in other sectors (especially insurance, should flights occur rather more often), but I guess I'm rather cynical about "wonder technologies".
I am not sure where the 1/23 the cost comes from, but I am guessing it is targeting the $1,000/kg.
NASA puts today's cost at $10,000/lbs or $22,000/kg.
I doubt it is comparing itself to SpaceX's
Falcon 9 or
Falcon Heavy. The as-of-yet unflown Falcon Heavy is targeting 53 tons to LEO at a top-end cost of $135M - so <$2550/kg.
I need to research the insurance more, but I know that the US government
ends up paying 50% more to "self-insure." Given a lower launch costs and more frequent launches, my expectation is that launch insurance would come down. Right now, the history is just not there (outside the Russian vehicles) to build a statistical profile.
However, for the foreseeable future, the only technology with the capabilities to really expand our space activities is conventional rocketry. ... the only way to mount missions beyond the small probe and manned low Earth orbit stuff we've been doing since Apollo still calls for heavy lift vehicles to put the majority of a ship or station's mass into space (minus the option of slow orbital assembly over years or decades in the fashion of the ISS which, while a technological and in some ways cultural/diplomatic marvel, is not exactly the impressive manifestation of our potential as, say, Apollo or the earlier manned missions of the US and USSR).
Except that other than Apollo-Saturn V, Skylab-Saturn V, and Shuttle, none of the launch vehicles used to date are really in the category of heavy lift.
The
slow orbital assembly of the ISS was a function of launch vehicle losses, budget issues (and cancellations), and the very real limits on the time between relaunching a Space Shuttle. Prior to the Challenger Accident,
the fastest turnaround was 54 days. Post-Challenger Accident,
Columbia did it in 88 days. Post-Columbia with even more scrutiny and 16 missions to complete between 3 Shuttles any hope of turning an orbiter in 3 months seems down-right unreal. Six to nine months seems to have been the norm.
Fundamental, the hardware for launching something to space, whether it is expendable or fully-reusable, is not the true cost driver. The true cost driver of any launch system today is the standing-army of technicians and engineers that design, build, and maintain the systems. The only way to drive down the cost to launch is to spread out the cost of the standing-army across more launches.