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Space is a unique and unusual place. Usually the stuff that goes up there is also unique and unusual (hyperspectral radiometers, synthetic aperture radars, rovers). So it's expensive to engineer.

The cubesats (this is one) were developed as a way to prototype ideas and to get a larger segment of people involved in space activity. They are squeezed in to other launches. They're a very special case.

The phenomenon of cheaper, experimental missions is fractal. There are technology demonstration missions at many different price points (up to the 100s of millions of dollar range) that may have fairly modest science goals, but they're trying to show that some exotic bit(s) of tech (autonomous landing, laser communications) can work in space.



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