I mean, sure, but you also have to remember that the Artemis/SLS program was crafted to be politically expensive to kill, not financially efficient.
I agree that it’s exorbitantly expensive and a comically inefficient use of funding, but congress passed a series of laws on the project mandating that certain components be made in certain areas by certain companies, as a way to give multiple states and constituencies skin in the game. Once SpaceX and reusable rocket tech came onto the stage and started to mature, SLS was always going to be on the path to irrelevance.