we're a damn sight from losing. space industry is growing, not too late to get in
You don't fight uphill against a foe that has already won all the government and private contracts.
Well, if by enormous you mean maybe about five billion dollars a year, which isn’t really that much. There are clearly other reasons why nobody is seriously competing with SpaceX.
Such as? Government contracts? A monopoly on aerospace talent? The tremendous lead?
Any company trying to catch up will be starting from behind, without customers, and will have to attract talent. All while SpaceX continues to improve their own tech.
Is there some other reason?