[ConfuciusSay]

Remember that most of SpaceX's core technology was literally given to them by NASA, and on top of that they're getting guaranteed contracts by the government (i.e. the dreaded government funding - they don't know how to allocate capital, right?).

Even the landing of the first stage was mostly based on NASA research. Which by the way, NASA had achieved long ago.

SpaceX innovated with their cost cutting, and maybe now their manufacturing processes, and by being lucky by benefitting from a period of cost cutting by NASA whereby they could hire a bunch of NASA engineers/scientists.