At global distances a fraction orbital trajectory would use less total rocket delta-V.
More practical would be a trajectory that was a series of small suborbital arcs with skipping off the atmosphere (perhaps with some airbreathing propulsion during the skips.) The thermal protection can cool by radiation between the skips.
More practical would be a trajectory that was a series of small suborbital arcs with skipping off the atmosphere (perhaps with some airbreathing propulsion during the skips.) The thermal protection can cool by radiation between the skips.