The economics are just silly. 4 passengers at $250k each is only $1M in revenue per flight. Between fuel costs, rocket costs (even assuming 10x reuses per rocket, you'd need to build the rocket for significantly under $10M to have a chance at profitability, could you imagine building a rocket for under 10M?), engineer and employee salaries and benefits, advertising, liability, etc.

Add in the fact that you have a very viable competitor in Virgin Galactic and SpaceX who could leapfrog both and provide even better experiences, and I don't see how Blue Origin will ever be viable without government funding