Lowering Cost
SpaceX has had quite a year, or maybe a few years now with naysayers time after time proved wrong. The launch of the OTV-5 mission was another success in SpaceX relatively short history.
For each rocket SpaceX successfully send to space, the potential cost of a transport to low earth orbit will be lower than ever before. This will prove to be extremely important for ambitious companies with space as a business. Today, the cost of sending satellites and humans to space is still a costly endeavor and the only way to lower the cost, today, is to use reusable rockets. SpaceX continuous work to re-use their rockets will lower the prices this will be extremely valuable, not only for SpaceX as a company but for every human being in the long run. Deep space mining companies don't have any choice but to follow SpaceX example. Space tourism will come as a bi-product of low cost launches and hotels in low earth orbit is starting to become a thing that actually can happen.
Take a look at the launch of the OTV-5 mission. It is pretty remarkable how flawless it all looks and it's easy to understand how fast the prices will drop.
SpaceX and/or Elon Musk decided to put up a video with the not so successful launches. That too is pretty interesting to watch, not because of the explosions but it gives you an idea of how many things can go wrong. Behind every successful launch (and landing) there are many many crashes, explosions and other mishaps.
Update: SpaceX changes the mindset of not only the space industry but also the U.S. Air Force. In an article by Mike Fabey on SpaceNews, the U.S. Air Force take notice of the changes Space X is making and implements that in their own strategy while at the same time becoming more effective.
If you want to find out more about Space X and their work, check their site or their social media channels: Twitter and Instagram. I will keep my eyes on SpaceX and update as soon as we have other breakthroughs happening. That breakthrough happened in early 2018 with the launch of Falcon Heavy.
As always, thank you for reading.