I work for a company who makes components for launch vehicles and satellites, including Spacex's Dragon capsule. I'm pretty excited by the success of last week's launch, but they are a loooong way from man rated vehicles. They have sidestepped a lot of the required specifications, hence their "low cost" model. Most of the cost of space travel is paper (i.e. specifications), not hardware, with folks zipping across the country meeting with contractors reviewing all the paperwork for each nut and bolt about to be launched. NASA seems to have invested a lot in Spacex, so it will be interesting to see how everything plays out.