sophisticated space stations would have to wait untill a turning point in profitability is reached. Space elevators are still in the realm of science fiction and are on the edge of theoretical feasability
With the (moderately) high probability that the SpaceX Star Ship will succeed and go into active service in the next few years the cost to orbit is going to drop significantly. There is an opitunity soon to rethink what a space station is. Realistically the internal area of a Star Ship could make a space station in the same vain as ISS, and would be “cheap”. But we could also feasibly construct a rotating station with the use of Star Ship.
Space is about to undergo a transformative change in how people approach building in it.
To me, cheaper rockets could only help building a future space elevator which would reduce costs significantly but we would still need something to do in space.
So what do you think the first economic incentive will be to enrich society?
Axiom's first modules will launch 2024ish and initially be connected to the ISS.