Is X even breaking even at the moment? Last I checked the ad revenue had dried up and boiled off, did they actually manage to cut enough to even it out?
But that doesn't matter. It was bought as a toy and propaganda network. It can lose money indefinitely as long as its owner is paid by Tesla: https://www.bbc.com/news/articles/cwyk6kvyxvzo
... where is this collapse?
FWIW, I don't have a skin in this game - just observing the facts.
Best guess would be he gets ~$10-$20bn, all of the companies collapse, their value driven to possibly sub-billion dollar ranges, and it triggers the Great Depression pt 2, electric boogaloo, and within a year he's "fallen out of a window".
It is very fortunate for Elon that Starshield exists, and that we've failed serving our country to the point that we need Starlink for rural areas.