You're right. But it is interesting to ask the question, what is the use case? Starlink is the only commercial customer that can plausibly use a significant fraction of Starship's capabilities right now. NASA moon missions are the only government customer so far. The government may start work on new programs that can use Starship's capabilities (e.g. fleets of bigger but cheaper space telescopes or interplanetary probes), but they haven't started yet and it will take decades for them to get going at their normal rates of progress. Elon wants to build a city on Mars but that isn't going to produce revenue for the foreseeable future and I don't think he can fund it personally despite being the richest person on Earth.

Can Starlink and NASA moon missions alone pay back the cost of the Starship program? Will new commercial use cases be unlocked by Starship? Will the government commit to new programs that use Starship's unique capabilities? What will they be and how soon can they start producing revenue for SpaceX?