Looking forward to this! SpaceX needs to feel domestic competition.
It's a little unfortunate that New Glenn is merely "competition for SpaceX"; not innovative enough to stand on its own as a marked improvement to private spaceflight capabilities the way something like Starship (or even Stoke Space's Nova, if it comes to fruition) will be.
But everyone has to start somewhere. New Glenn should be a great competitor to Falcon 9 and Falcon Heavy at least, and SpaceX does indeed desperately need competition right now (lest they risk becoming a monopoly).
It's a big if. I personally don't believe starship will ever get as far as carrying humans.
The only real bottleneck is the cislunar transporter by Lockheed Martin. Once they have the Cislunar Transporter, their bottleneck will be the cost of the refueling flights, not the cost of upper stage expending flights that deliver payloads. That's when they are going to need to start replacing the GS2 refueler with something reusable.
Can Stoke Space deliver 135 tons of liquid hydrogen and oxygen to the Cislunar Transporter? Can Rocket Lab do that? Starship might, but it uses a different fuel, so who knows.
Will be an interesting week.