Re: Amortise
I don't know what Copenhagen Sub-Orbital's budget to date has been, but I'd be highly surprised if they've had anything like a billion USD thus far (they're an amateur rocketry outfit), and their ultimate aim is to send a human on a sub-orbital flight. Granted, achieving orbit is that bit harder, but 5mil doesn't sound inconceivable to me (NB: I am not an expert, I just follow current space efforts online now and then). And didn't SpaceX get going with considerably less than a billion and are now delivering loads to the ISS, with a human-rated multi-crew capsule due to launch within a couple of years?