Whether or not X goes under is almost fully dependent on whether it services its debt. That debt is backstopped by Elon Musk, who has enough assets to service that debt for at least another few decades.
Whether or not X goes under is almost entirely one man's choice.
The Twitter-purchase debt problem is a lot less relevant now that he's rolled X into xAI. Now X the app gets to tag along with a higher value AI company (or at least it is currently valued much higher due to investors dreaming big).
Investors are insane throwing money at elon's xai at a $75 billion valuation. And knowing that elon is probably taking their cash to pay twitter's debt. How is that possible? That shitty also-ran mechahitler ai is never going to make any money. It makes me suspect that a lot of these VCs are more political than rational.
Honestly, after years of hearing that Elon's mishaps and faceplants will actually have a meaningful impact, with no meaningful impact, I'm sure xAI will be fine as long as they stay somewhat competitive.
Isn't that the point though? In a market of multiple competently-executed chatbots, a entrant whose distinguishing feature is edgelordism isn't likely to stay competitive. There is a market for "like the other chat bots in terms of parsing instructions, but with clumsy ad hoc prompting to make it generate more racist output rather than less racist output" but it isn't a particularly lucrative one
Cf Musk's other businesses with lockin effect or massive technical advantages, and in some cases where his politics are largely irrelevant
Whether or not X goes under is almost entirely one man's choice.