This really allows you to begin to grasp the economics of what Musk et al are doing -
* The Space Launch System has been funded to the tune of $17Bn through to 2017 (Wiki)
* SpaceX got through the Falcon 1 and Falcon 9 development to where we are now (Viable launch system with paying clients) on around ~$1Bn
Even assuming that they have to start the development from scratch, new tooling, new plant and equipment, you could extrapolate out at a stretch that perhaps it would cost a cool $3Bn (And likely well under this) if they are planning on having some form of prototype 'MCT' up and running in around 3 years
so that would be around 1/6th the cost of a bloated government program for an extremely heavy lift capability, potentially re-usable if they are able to complete the engineering of that little monkey, making production of a space elevator within the realms of possibility (and maybe making earth rocket launches redundant!) as well as cheap heavy launch capability to mars.
The solar system is getting a lot smaller, it seems.