FWIW, part of what this article leaves off are additional capabilities getting covered in these costs, like new launch pads, vertical integration facilities, and disposable launches.

Somehow one of our best hopes for SpaceX’s semi monopolistic practices to get upset is… a billionaire subsidized competitor in Blue Origin or Terran using anticompetitive pricing below cost to sneak in and steal market share. Cool. Hopefully Stoke and Rocket Lab win instead.