Compare the cost of rockets when SpaceX started. People laughed SpaceX off too.
SpaceX didn't start with an existing knowledge base, talent and facilities either.
The idea of starting a rocket company and building reusable rockets was so laughable at the time that they couldn't even hire anyone for the chief engineer (Elon assumed the role because no-one else would do it).
In 2002 SpaceX realised it wasn't going to be able to buy an existing engine from the Russians, and decided to make their own <- this is essentially the place where Boom is now.
In 2008 they successfully launched Falcon 1 to orbit (on the 4th attempt), and would've gone bankrupt if that 4th attempt had failed like the first 3 <- Boom might never get to this point, but good on them for trying.