The current cost of resupplying the ISS is around $80,000 per kg, although this price has varied over the years. (references)
The pressurized volume of air on the ISS is 1,005.0 $m^3$ (ref). As the density of air is 1.293 $kg/m^3$, this equates to 1300 kg, or 104 million USD worth of air, after considering the launch costs. So, certainly far from free!
The oxygen (O₂) in the air is consumed by the astronauts on the station, converting O₂ into CO₂. Some of the CO₂ can be converted back into O₂ but this process isn't 100% efficient. So replacement O₂ needs to be sent up on ISS resupply missions.
Each crew member requires about two pounds per day of oxygen, which is 14 pounds for a crew of seven, 6.35029 kg per day, 2318 kg per year, or roughly 29.2 million USD worth of O₂ per year, at current resupply costs, if no CO₂ was recycled.
However, the O₂ is sent up as water (H₂O), which makes it heavier by a factor of (18/16 = 1.125).
Some of the CO₂ is recycled. A 2017 report stated...
the state-of-the-art system currently used on the International Space Station recovers about 50% of the oxygen from exhaled carbon dioxide.
The SpaceCraft Oxygen Recovery (SCOR) project is developing novel technologies to increase the recovery of oxygen to more than 75%, with a stretch goal of 100%, reducing the total oxygen resupply required for future missions.
If we include the 18/16 factor for sending up water, and assume that 75% of the CO₂ is recycled, then the cost of maintaining the O₂ can be estimated at roughly 29.2 x 18/16 x 0.25 = 8.2 million per year.
Note: I have not included here the cost of developing and equipping the station with its Environmental Control and Life Support System (ECLSS) or sending up parts occasionally to keep it operating.
To conclude, the initial cost of the air was ~104 million USD and it costs ~8 million USD per year to maintain the O₂ in it.
Doesn't that mean there's nothing special about air and the shipping costs depends on a combination of weight and volume?
– Robbie Goodwin Feb 26 '24 at 21:17