Comment by tsimionescu

Given how little we know about the cost structures of any of these space launch systems, yes.

Consider that Russia was charging less per seat to the ISS in 2007, back when they ahd to compete with the Shuttle, then SpaceX is charging NASA today. And not a little less - almost half ($25M in 2007 dollars, $38M in today's dollars, vs SpaceX charging $55M today).

Does this mean that the Soyuz was much cheaper than Falcon 9? Probably not, it just means that there is so much margin on both sides that we can't estimate much.