This is why I think Elon buying Twitter was one of the most strategic decisions he ever made: he quite literally bought the meme machine that upholds the valuations of his companies.

I still don't think it was strategic on his part, he did try to back out after all; my guess is that having bought it, he tried to maximise the value it produced.

And given the financial statements in the SpaceX IPO, to the extent X still has any value at all, it is almost all just influence of one kind or another, not actual money.

And the government that helps fund and regulate (or not) them.