And of course literally any company is based on the whole history of technology.
You might say that SpaceX only exists because rich people in China wanted to see fireworks (and there was likely state involvement).
But equally does SpaceX depend on a long existing private market and centuries of private investment into manufacturing, incremental improvement in all related technologies and millions of experiments and different things tried.
This arguments are kind of tiered by now.
Its true that the way European state bureaucracy works makes companies like SpaceX unlikely. Its equally true that part of US ability to have such company is based on defense spending over the last 100 years.