That established trust has always been the Goliath that SpaceX challenged. Boeing was the only trusted company for the Commercial Crew contract, ULA was the only trusted company for payload delivery, etc.
I think this is a different type of trust.
SpaceX had to prove their competence to be trusted for US government contracts (and other customers).
They did that and I would trust their technical competence.
However, after the events of the past few years, especially last 12 months, they have lost a more important kind of trust.