Thank you for the response. However, that is exactly my point. Orders of magnitude, plural, means the rocket will be 1% of the current cost. That means a $61 million rocket is on the order of $610,000.

I do not believe that raw material procurement and manufacturing account for 99% of current launches or 97% or 90%. Even if it did, I believe there would be significant amount devoted to quality inspections and testing before you could trust a used rocket that not only fired, but impacted the ground to be used again.