Well, I suppose it is.
So are cell phones, television sets, electric ranges, refrigerators, flush toilets, and many other things that started out as the sorts of things only the wealthy could afford, and that most people could do without.
Yet, in the long run, these things turned out to be something that made life a lot better than it used to be. Luxury? Maybe.
By the time it becomes obvious that the ability of humans to live and work in space is essential to human survival, it may be too late to start.
Fortunately, the government isn't the only feasible road to space any more.