SPARC (as proposed this year, by CFS, which was founded in 2018) also has the benefit of 3 decades worth of advancement in materials science, computers, and other technologies over ITER, which was started sometime in the 1980's. Sometimes being first to market takes a long time and is very expensive because you first have to invent all of the components yourself.
SpaceX's advancement is impressive, but if NASA had never happened, I doubt SpaceX would even exist today.