Sponge glassy skeletons and spicules are silica (silicon dioxide) not silicon. The cheapest source of clean silica is sand. Discarded rice hulls are loaded with silica. High temperature anerobic pyrolysis gets you silicon carbide (Carborundum) directly.
The use of marine sponges for any bulk commodity would be a disaster. The usable fraction is minuscule, they are slow growing, and Enviro-whiners would be all over you. The only organism not deserving of Enviro-whiner worship is an educated, productive human being who wants to keep his earnings for his own benefit.
In principle one could cell culture the stuff, achieving reasonable production at acceptable cost without bothering the oceans. That would be Franken-silica endangering our children with unknown hazards!
If you want oxygen, pull it out of the air or make it by electrolysis (nuclear submarines - lots of water and electricity costs billed to taxpayers).