Is this a "SpaceX spread itself too thin and wasn't able to keep its own pre-agreed deadlines" situation or a "The government-specified contract was unrealistically aggressive / so vaguely-specified that it could not be realized within its original timetable" situation?
1. Back a low risk moon mission that is basically a repeat of Apollo using proven, but extremely expensive tech that has a very low probability of failure.
2. Back a high risk strategy that relies on the development of new technology that can potentially deliver hundreds of tons of cargo to the lunar surface for a fraction of the cost of Apollo and support a sustained human presence on the lunar surface. This of course comes with a near 100% chance of significant delays and cost overruns, and also a high probability of total failure.
IMO NASA made the obviously correct choice here and it's not close. This is exactly the kind of thing that I want my tax money spent on.
Option one basically lights a huge pile of money on fire, for a vanity goal.
Option two uses a much smaller pile of money to do something useful long term.