A fascination article.
I'm skeptical of McConnell's claim "that we could send a ship into a roundtrip mission to the Martian moon Phobos, ....for less than $1 billion," but the idea appears to have a lot of merit.
"Water-Powered Spaceship Could Make Mars Trip on the Cheap
Spaceships powered primarily by water could open up the solar system to exploration, making flights to Mars and other far-flung locales far cheaper, a recent study has found.
A journey to Mars and back in a water-fueled vehicle could cost as little as one space shuttle launch costs today, researchers said. And the idea is to keep these "space coaches" in orbit between trips, so their relative value would grow over time, as the vehicles reduce the need for expensive one-off missions that launch from Earth...."
http://news.yahoo.com/s/space/201103...triponthecheap