So yes, I suppose that is more inefficient, in a way.
Second, SpaceX has consistently shown lower development cost then anybody else. Starship is expensive its likely cheaper then New Glenn.
Remember, Ariane 6, a marginal upgrade over Ariane 5 with only a new upper stage engine cost 6 billion $.
And SpaceX is already at much higher launch rates and manufacturing rates for thing like engines. SpaceX is investing into mass production already.
So yes, I suppose that is more inefficient, in a way.