Yeah, that seems to be the case. Manned flight is a massive step forward though. It's not just a matter of making sure everything they have today works well enough if people are on board, they still have critical systems that they still have to develop first! They still need to finish, then test and certify those second generation draco thrusters that would be used as the launch-abort system for instance.

The craziest part is that I think they can actually do it.

? They've actually missed almost all of their deadlines. 3-5 years is more realistic (if I were a betting man) based on past performance.

But they've certainly hit all their milestones, eventually, which is much more than can be said for nearly every other private space venture.